Traffic Control Technology Co.,Ltd.’s Net Profit Dropped 13.9% in First Quarter of 2022

Traffic Control Technology Co.,Ltd. (交控科技股份有限公司) (688015.SH) reported a net profit of 20.9 million yuan in the first quarter of 2022, down 13.9% year-on-year.

Meanwhile, the company posted 388.2 million yuan in revenue, up 6.8% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 53.6%.