Shenzhen Mtc Co.,Ltd.’s Net Profit Dropped 45% in First Three Quarters of 2022

Shenzhen Mtc Co.,Ltd. (深圳市兆驰股份有限公司) (002429.SZ) reported a net profit of 900 million yuan in the first three quarters of 2022, down 45% year-on-year.

Meanwhile, the company posted 11 billion yuan in revenue, down 39.8% year-on-year.

At the end of the reporting period, it had 24.6 billion yuan in total assets and 10.8 billion yuan in total liabilities, with a liability-to-asset ratio of 44%.