Shenzhen Absen Optoelectronic Co.,Ltd. Posted 114 Million Yuan Net Profit in First Three Quarters of 2022

Shenzhen Absen Optoelectronic Co.,Ltd. (深圳市艾比森光电股份有限公司) (300389.SZ) reported a net profit of 114 million yuan in the first three quarters of 2022, reversing a net loss of 59.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 26.9% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 58.6%.