Wuhan Raycus Fiber Laser Technologies Co.,Ltd.’s Net Profit Dropped 90.4% in First Three Quarters of 2022

Wuhan Raycus Fiber Laser Technologies Co.,Ltd. (武汉锐科光纤激光技术股份有限公司) (300747.SZ) reported a net profit of 42 million yuan in the first three quarters of 2022, down 90.4% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 7.4% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 42.3%.