Appotronics Corporation Limited’s Net Profit Dropped 84% in First Three Quarters of 2022

Appotronics Corporation Limited (深圳光峰科技股份有限公司) (688007.SH) reported a net profit of 36.1 million yuan in the first three quarters of 2022, down 84% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 13% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 34.8%.