Dongguan Kingsun Optoelectronic Co.,Ltd. Posted 37.8 Million Yuan Net Loss in First Quarter of 2022

Dongguan Kingsun Optoelectronic Co.,Ltd. (东莞勤上光电股份有限公司) (002638.SZ) reported a net loss of 37.8 million yuan in the first quarter of 2022, reversing a net profit of 1.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 265.9 million yuan in revenue, down 21.7% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 724.5 million yuan in total liabilities, with a liability-to-asset ratio of 21.2%.