Ningbo Huaxiang Electronic Co.,Ltd.’s Net Profit Dropped 15.3% in First Quarter of 2022

Ningbo Huaxiang Electronic Co.,Ltd. (宁波华翔电子股份有限公司) (002048.SZ) reported a net profit of 258.8 million yuan in the first quarter of 2022, down 15.3% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, down 3.2% year-on-year.

At the end of the reporting period, it had 20.5 billion yuan in total assets and 8.7 billion yuan in total liabilities, with a liability-to-asset ratio of 42.3%.