Shenzhen Laibao Hi-Tech Co.,Ltd.’s Net Profit Dropped 51.3% in First Quarter of 2022

Shenzhen Laibao Hi-Tech Co.,Ltd. (深圳莱宝高科技股份有限公司) (002106.SZ) reported a net profit of 78.5 million yuan in the first quarter of 2022, down 51.3% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 16.4% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 26.5%.