Wuhan Raycus Fiber Laser Technologies Co.,Ltd.’s Net Profit Dropped 88.5% in 2022

Wuhan Raycus Fiber Laser Technologies Co.,Ltd. (武汉锐科光纤激光技术股份有限公司) (300747.SZ) reported a net profit of 57.9 million yuan in 2022, down 88.5% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 42.2%.