Guangzhou Echom Science&Technology Co.,Ltd.’s Net Profit Dropped 36.1% in 2022

Guangzhou Echom Science&Technology Co.,Ltd. (广州毅昌科技股份有限公司) (002420.SZ) reported a net profit of 50.2 million yuan in 2022, down 36.1% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 27.6% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 65.2%.