Wuhan Raycus Fiber Laser Technologies Co.,Ltd.’s Net Profit Dropped 81.9% in First Quarter of 2022

Wuhan Raycus Fiber Laser Technologies Co.,Ltd. (武汉锐科光纤激光技术股份有限公司) (300747.SZ) reported a net profit of 21.4 million yuan in the first quarter of 2022, down 81.9% year-on-year.

Meanwhile, the company posted 701.3 million yuan in revenue, up 20.1% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 41.4%.