Galaxycore Inc.’s Net Profit Dropped 40.5% in First Three Quarters of 2022

Galaxycore Inc. (格科微有限公司) (688728.SH) reported a net profit of 555.4 million yuan in the first three quarters of 2022, down 40.5% year-on-year.

Meanwhile, the company posted 4.6 billion yuan in revenue, down 13% year-on-year.

At the end of the reporting period, it had 16.9 billion yuan in total assets and 8.9 billion yuan in total liabilities, with a liability-to-asset ratio of 52.5%.