Shenzhen Mtc Co.,Ltd.’s Net Profit Dropped 49.7% in First Half of 2022

Shenzhen Mtc Co.,Ltd. (深圳市兆驰股份有限公司) (002429.SZ) reported a net profit of 547.8 million yuan in the first half of 2022, down 49.7% year-on-year.

Meanwhile, the company posted 7.1 billion yuan in revenue, down 36.6% year-on-year.

At the end of the reporting period, it had 24.2 billion yuan in total assets and 10.5 billion yuan in total liabilities, with a liability-to-asset ratio of 43.5%.