Suzhou Hycan Holdings Co.,Ltd.’s Net Profit Dropped 42.2% in First Quarter of 2022

Suzhou Hycan Holdings Co.,Ltd. (苏州华源控股股份有限公司) (002787.SZ) reported a net profit of 3.3 million yuan in the first quarter of 2022, down 42.2% year-on-year.

Meanwhile, the company posted 526.1 million yuan in revenue, up 9.5% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 44.2%.