Guangzhou Hi-Target Navigation Tech Co.,Ltd.’s Net Profit Dropped 36.9% in First Half of 2022

Guangzhou Hi-Target Navigation Tech Co.,Ltd. (广州中海达卫星导航技术股份有限公司) (300177.SZ) reported a net profit of 58.1 million yuan in the first half of 2022, down 36.9% year-on-year.

Meanwhile, the company posted 563.4 million yuan in revenue, down 32.7% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 32.9%.