Kangyue Technology Co.,Ltd.’s Net Profit Dropped 52.7% in First Quarter of 2022

Kangyue Technology Co.,Ltd. (康跃科技股份有限公司) (300391.SZ) reported a net profit of 50.2 million yuan in the first quarter of 2022, down 52.7% year-on-year.

Meanwhile, the company posted 545.4 million yuan in revenue, down 30.5% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 62.1%.