Shenzhen Australis Electronic Technology Co.,Ltd.’s Net Profit Rose 48.4% in First Quarter of 2022

Shenzhen Australis Electronic Technology Co.,Ltd. (深圳市南极光电子科技股份有限公司) (300940.SZ) reported a net profit of 11.7 million yuan in the first quarter of 2022, up 48.4% year-on-year.

Meanwhile, the company posted 203.7 million yuan in revenue, down 33.5% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 504.8 million yuan in total liabilities, with a liability-to-asset ratio of 36.6%.