Changchun High-tech Industry (group) Co., Ltd. Class ASZSE: 000661

Changchun High-Tech Industry (Group) Co: Net profit dropped 58.23% year-over-year amid revenue decline and higher asset impairments

· Issued by Changchun High-tech Industry (group) Co., Ltd. Class A

Revenue for the first three quarters fell 5.60% year-over-year to ¥9.81 billion, with net profit down 58.23% to ¥1.16 billion. Key subsidiaries saw mixed results, and asset impairment losses and lower cash flow weighed on performance.

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