Guangzhou Echom Science&Technology Co.,Ltd.’s Net Profit Dropped 38.8% in First Half of 2022

Guangzhou Echom Science&Technology Co.,Ltd. (广州毅昌科技股份有限公司) (002420.SZ) reported a net profit of 29.3 million yuan in the first half of 2022, down 38.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 27% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 65.8%.