Huizhou Speed Wireless Technology Co.,Ltd.’s Net Profit Dropped 67.8% in First Quarter of 2022

Huizhou Speed Wireless Technology Co.,Ltd. (惠州硕贝德无线科技股份有限公司) (300322.SZ) reported a net profit of 4.8 million yuan in the first quarter of 2022, down 67.8% year-on-year.

Meanwhile, the company posted 392.3 million yuan in revenue, down 18.8% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 50.5%.