Cosonic Intelligent Technologies Co.,Ltd. Posted 19.5 Million Yuan Net Profit in First Quarter of 2022

Cosonic Intelligent Technologies Co.,Ltd. (佳禾智能科技股份有限公司) (300793.SZ) reported a net profit of 19.5 million yuan in the first quarter of 2022, reversing a net loss of 15.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 452.2 million yuan in revenue, down 14.1% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 901.7 million yuan in total liabilities, with a liability-to-asset ratio of 28.3%.