Jiang Su Hua Sheng Tian Long Photoelectric Equipment Co.,Ltd. Posted 32.7 Million Yuan Net Profit in First Quarter of 2022

Jiang Su Hua Sheng Tian Long Photoelectric Equipment Co.,Ltd. (江苏华盛天龙光电设备股份有限公司) (300029.SZ) reported a net profit of 32.7 million yuan in the first quarter of 2022, reversing a net loss of 7.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 9.3 million yuan in revenue, down 68.3% year-on-year.

At the end of the reporting period, it had 263.5 million yuan in total assets and 216.7 million yuan in total liabilities, with a liability-to-asset ratio of 82.2%.