Longshine Technology Group Co.,Ltd.’s Net Profit Dropped 49.7% in 2022

Longshine Technology Group Co.,Ltd. (朗新科技集团股份有限公司) (300682.SZ) reported a net profit of 423.3 million yuan in 2022, down 49.7% year-on-year.

Meanwhile, the company posted 4.6 billion yuan in revenue, down 1.9% year-on-year.

At the end of the reporting period, it had 9.8 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 29.2%.