Guangzhou Echom Science&Technology Co.,Ltd.’s Net Profit Dropped 56.9% in First Quarter of 2022

Guangzhou Echom Science&Technology Co.,Ltd. (广州毅昌科技股份有限公司) (002420.SZ) reported a net profit of 11.2 million yuan in the first quarter of 2022, down 56.9% year-on-year.

Meanwhile, the company posted 644.1 million yuan in revenue, down 23.1% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 64.6%.