Beijing Haitian Ruisheng Science Technology Ltd.’s Net Profit Dropped 42.2% in First Quarter of 2022

Beijing Haitian Ruisheng Science Technology Ltd. (北京海天瑞声科技股份有限公司) (688787.SH) reported a net profit of 9.4 million yuan in the first quarter of 2022, down 42.2% year-on-year.

Meanwhile, the company posted 47.9 million yuan in revenue, up 8.2% year-on-year.

At the end of the reporting period, it had 838.9 million yuan in total assets and 23.6 million yuan in total liabilities, with a liability-to-asset ratio of 2.8%.