Gcl System Integration Technology Co.,Ltd. Posted 23.6 Million Yuan Net Profit in First Quarter of 2022

Gcl System Integration Technology Co.,Ltd. (协鑫集成科技股份有限公司) (002506.SZ) reported a net profit of 23.6 million yuan in the first quarter of 2022, reversing a net loss of 84.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 20.4% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 6.5 billion yuan in total liabilities, with a liability-to-asset ratio of 73.3%.