Guangzhou Hi-Target Navigation Tech Co.,Ltd.’s Net Profit Rose 744.7% in First Quarter of 2022

Guangzhou Hi-Target Navigation Tech Co.,Ltd. (广州中海达卫星导航技术股份有限公司) (300177.SZ) reported a net profit of 88.8 million yuan in the first quarter of 2022, up 744.7% year-on-year.

Meanwhile, the company posted 248 million yuan in revenue, down 24.1% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 33.1%.