Suntront Technology Co.,Ltd.’s Net Profit Dropped 46% in First Three Quarters of 2022

Suntront Technology Co.,Ltd. (新天科技股份有限公司) (300259.SZ) reported a net profit of 163.4 million yuan in the first three quarters of 2022, down 46% year-on-year.

Meanwhile, the company posted 776.6 million yuan in revenue, down 3.2% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 536.2 million yuan in total liabilities, with a liability-to-asset ratio of 16%.