Novogene Co.,Ltd.’s Net Profit Dropped 40.5% in First Quarter of 2022

Novogene Co.,Ltd. (北京诺禾致源科技股份有限公司) (688315.SH) reported a net profit of 20 million yuan in the first quarter of 2022, down 40.5% year-on-year.

Meanwhile, the company posted 386.6 million yuan in revenue, up 5.8% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 929.6 million yuan in total liabilities, with a liability-to-asset ratio of 33.8%.