Hubei Jiuzhiyang Infrared System Co.,Ltd.’s Net Profit Dropped 35.6% in First Quarter of 2022

Hubei Jiuzhiyang Infrared System Co.,Ltd. (湖北久之洋红外系统股份有限公司) (300516.SZ) reported a net profit of 8.6 million yuan in the first quarter of 2022, down 35.6% year-on-year.

Meanwhile, the company posted 90.5 million yuan in revenue, down 22.4% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 285.8 million yuan in total liabilities, with a liability-to-asset ratio of 19.2%.