Raytron Technology Co.,Ltd.’s Net Profit Dropped 51.3% in First Quarter of 2022

Raytron Technology Co.,Ltd. (烟台睿创微纳技术股份有限公司) (688002.SH) reported a net profit of 46.5 million yuan in the first quarter of 2022, down 51.3% year-on-year.

Meanwhile, the company posted 445.1 million yuan in revenue, up 17% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 26.1%.