Opple Lighting Co.,Ltd.’s Net Profit Dropped 52.9% in First Quarter of 2022

Opple Lighting Co.,Ltd. (欧普照明股份有限公司) (603515.SH) reported a net profit of 63.6 million yuan in the first quarter of 2022, down 52.9% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 17.1% year-on-year.

At the end of the reporting period, it had 8.1 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 28.2%.