Appotronics Corporation Limited’s Net Profit Dropped 89.7% in First Half of 2022

Appotronics Corporation Limited (深圳光峰科技股份有限公司) (688007.SH) reported a net profit of 18.5 million yuan in the first half of 2022, down 89.7% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 14.9% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 35.9%.