Galaxycore Inc.’s Net Profit Dropped 20.2% in First Half of 2022

Galaxycore Inc. (格科微有限公司) (688728.SH) reported a net profit of 513.7 million yuan in the first half of 2022, down 20.2% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, down 10.6% year-on-year.

At the end of the reporting period, it had 17.4 billion yuan in total assets and 9.3 billion yuan in total liabilities, with a liability-to-asset ratio of 53.8%.