Hongda High-Tech Holding Co.,Ltd.’s Net Profit Dropped 35.6% in First Quarter of 2022

Hongda High-Tech Holding Co.,Ltd. (宏达高科控股股份有限公司) (002144.SZ) reported a net profit of 15.5 million yuan in the first quarter of 2022, down 35.6% year-on-year.

Meanwhile, the company posted 116.4 million yuan in revenue, down 9.4% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 192.7 million yuan in total liabilities, with a liability-to-asset ratio of 9.4%.