Shenzhen Gongjin Electronics Co.,Ltd.’s Net Profit Dropped 16.8% in First Quarter of 2022

Shenzhen Gongjin Electronics Co.,Ltd. (深圳市共进电子股份有限公司) (603118.SH) reported a net profit of 50.3 million yuan in the first quarter of 2022, down 16.8% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 9.8 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 48.7%.