Lingyi Itech(Guangdong) Company’s Net Profit Dropped 35.3% in First Quarter of 2022

Lingyi Itech(Guangdong) Company (广东领益智造股份有限公司) (002600.SZ) reported a net profit of 300.6 million yuan in the first quarter of 2022, down 35.3% year-on-year.

Meanwhile, the company posted 7.1 billion yuan in revenue, up 9.9% year-on-year.

At the end of the reporting period, it had 36.4 billion yuan in total assets and 20.2 billion yuan in total liabilities, with a liability-to-asset ratio of 55.4%.