Bestechnic(Shanghai) Co.,Ltd.’s Net Profit Dropped 48.9% in First Three Quarters of 2022

Bestechnic(Shanghai) Co.,Ltd. (恒玄科技(上海)股份有限公司) (688608.SH) reported a net profit of 150.2 million yuan in the first three quarters of 2022, down 48.9% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 5% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 504.1 million yuan in total liabilities, with a liability-to-asset ratio of 7.8%.