Sinomag Technology Co.,Ltd.’s Net Profit Dropped 8.7% in First Half of 2022

Sinomag Technology Co.,Ltd. (安徽龙磁科技股份有限公司) (300835.SZ) reported a net profit of 56.8 million yuan in the first half of 2022, down 8.7% year-on-year.

Meanwhile, the company posted 447.5 million yuan in revenue, up 11.2% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 554.3 million yuan in total liabilities, with a liability-to-asset ratio of 36.4%.