Ocean'S King Lighting Science&Technology Co.,Ltd.’s Net Profit Dropped 66.5% in 2022

Ocean"S King Lighting Science&Technology Co.,Ltd. (海洋王照明科技股份有限公司) (002724.SZ) reported a net profit of 142 million yuan in 2022, down 66.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 17.9% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 760.1 million yuan in total liabilities, with a liability-to-asset ratio of 19.7%.