Shenzhen Mtc Co.,Ltd.’s Net Profit Dropped 26.7% in First Quarter of 2022

Shenzhen Mtc Co.,Ltd. (深圳市兆驰股份有限公司) (002429.SZ) reported a net profit of 354.6 million yuan in the first quarter of 2022, down 26.7% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 28.7% year-on-year.

At the end of the reporting period, it had 24.2 billion yuan in total assets and 10.7 billion yuan in total liabilities, with a liability-to-asset ratio of 44.4%.