Smartsens Technology(Shanghai) Co.,Ltd.’s Net Profit Dropped 97.2% in First Half of 2022

Smartsens Technology(Shanghai) Co.,Ltd. (思特威(上海)电子科技股份有限公司) (688213.SH) reported a net profit of 5 million yuan in the first half of 2022, down 97.2% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 19% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 40.4%.