Ocean'S King Lighting Science&Technology Co.,Ltd.’s Net Profit Dropped 40.7% in First Quarter of 2022

Ocean"S King Lighting Science&Technology Co.,Ltd. (海洋王照明科技股份有限公司) (002724.SZ) reported a net profit of 17.9 million yuan in the first quarter of 2022, down 40.7% year-on-year.

Meanwhile, the company posted 304.3 million yuan in revenue, down 3.5% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 451.6 million yuan in total liabilities, with a liability-to-asset ratio of 12.5%.