Guangzhou Wahlap Technology Corporation Limited’s Net Profit Dropped 84.4% in First Quarter of 2022

Guangzhou Wahlap Technology Corporation Limited (广州华立科技股份有限公司) (301011.SZ) reported a net profit of 1.6 million yuan in the first quarter of 2022, down 84.4% year-on-year.

Meanwhile, the company posted 128.3 million yuan in revenue, up 39.1% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 417.5 million yuan in total liabilities, with a liability-to-asset ratio of 36.6%.