Guangzhou Echom Science&Technology Co.,Ltd.’s Net Profit Dropped 24.1% in First Three Quarters 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 48.2 million yuan in the first three quarters of 2022, down 24.1% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 26.5% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 63.9%.