Suntront Technology Co.,Ltd.’s Net Profit Dropped 89.1% in First Quarter of 2022

Suntront Technology Co.,Ltd. (新天科技股份有限公司) (300259.SZ) reported a net profit of 8.1 million yuan in the first quarter of 2022, down 89.1% year-on-year.

Meanwhile, the company posted 183.9 million yuan in revenue, down 10.6% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 469.6 million yuan in total liabilities, with a liability-to-asset ratio of 14.2%.