Bestechnic(Shanghai) Co.,Ltd.’s Net Profit Dropped 70% in 2022

Bestechnic(Shanghai) Co.,Ltd. (恒玄科技(上海)股份有限公司) (688608.SH) reported a net profit of 122.4 million yuan in 2022, down 70% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 15.9% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 450.5 million yuan in total liabilities, with a liability-to-asset ratio of 7%.