Ocean'S King Lighting Science&Technology Co.,Ltd.’s Net Profit Dropped 56.7% in First Three Quarters of 2022

Ocean"S King Lighting Science&Technology Co.,Ltd. (海洋王照明科技股份有限公司) (002724.SZ) reported a net profit of 104.1 million yuan in the first three quarters of 2022, down 56.7% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 11.6% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 552.2 million yuan in total liabilities, with a liability-to-asset ratio of 15.1%.