Wuhan Raycus Fiber Laser Technologies Co.,Ltd.’s Net Profit Dropped 89.9% in First Half of 2022

Wuhan Raycus Fiber Laser Technologies Co.,Ltd. (武汉锐科光纤激光技术股份有限公司) (300747.SZ) reported a net profit of 28.6 million yuan in the first half of 2022, down 89.9% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 43.7%.