Guangdong Faith Long Crystal Technology Co.,Ltd.’s Net Profit Dropped 87.4% in First Quarter of 2022

Guangdong Faith Long Crystal Technology Co.,Ltd. (广东惠伦晶体科技股份有限公司) (300460.SZ) reported a net profit of 5.4 million yuan in the first quarter of 2022, down 87.4% year-on-year.

Meanwhile, the company posted 122 million yuan in revenue, down 20.1% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 825 million yuan in total liabilities, with a liability-to-asset ratio of 40.4%.