Shenzhen Minkave Technology Co.,Ltd.’s Net Profit Dropped 75.3% in First Quarter of 2022

Shenzhen Minkave Technology Co.,Ltd. (深圳市名家汇科技股份有限公司) (300506.SZ) reported a net profit of 12.7 million yuan in the first quarter of 2022, down 75.3% year-on-year.

Meanwhile, the company posted 128.6 million yuan in revenue, down 58.3% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 50.6%.