Hundsun Technologies Inc.’s Net Profit Dropped 97.4% in First Three Quarters of 2022

Hundsun Technologies Inc. (恒生电子股份有限公司) (600570.SH) reported a net profit of 18.4 million yuan in the first three quarters of 2022, down 97.4% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, up 19.7% year-on-year.

At the end of the reporting period, it had 11.3 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 44.9%.