Galaxycore Inc.’s Net Profit Dropped 17.4% in First Quarter of 2022

Galaxycore Inc. (格科微有限公司) (688728.SH) reported a net profit of 241.5 million yuan in the first quarter of 2022, down 17.4% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 10.5% year-on-year.

At the end of the reporting period, it had 14.7 billion yuan in total assets and 6.9 billion yuan in total liabilities, with a liability-to-asset ratio of 47.1%.