Beijing Bdstar Navigation Co.,Ltd.’s Net Profit Dropped 45% in First Half of 2022

Beijing Bdstar Navigation Co.,Ltd. (北京北斗星通导航技术股份有限公司) (002151.SZ) reported a net profit of 57.4 million yuan in the first half of 2022, down 45% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 23% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 32%.