Shanghai Friendess Electronic Technology Corporation Limited’s Net Profit Dropped 11.3% in First Quarter of 2022

Shanghai Friendess Electronic Technology Corporation Limited (上海柏楚电子科技股份有限公司) (688188.SH) reported a net profit of 105.3 million yuan in the first quarter of 2022, down 11.3% year-on-year.

Meanwhile, the company posted 190.7 million yuan in revenue, up 1.4% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 104.5 million yuan in total liabilities, with a liability-to-asset ratio of 3.3%.