Guangdong Chaohua Technology Co.,Ltd.’s Net Profit Dropped 17.5% in First Quarter of 2022

Guangdong Chaohua Technology Co.,Ltd. (广东超华科技股份有限公司) (002288.SZ) reported a net profit of 27.8 million yuan in the first quarter of 2022, down 17.5% year-on-year.

Meanwhile, the company posted 563.1 million yuan in revenue, up 4.5% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 54.6%.