Harbin Xinguang Optic-Electronics Technology Co.,Ltd.’s Net Profit Dropped 59.5% in First Half of 2022

Harbin Xinguang Optic-Electronics Technology Co.,Ltd. (哈尔滨新光光电科技股份有限公司) (688011.SH) reported a net profit of 5.1 million yuan in the first half of 2022, down 59.5% year-on-year.

Meanwhile, the company posted 58.4 million yuan in revenue, down 23.1% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 158.2 million yuan in total liabilities, with a liability-to-asset ratio of 11.3%.