Tianshui Zhongxing Bio-Technology Co.,Ltd.’s Net Profit Dropped 67.3% in First Quarter of 2022

Tianshui Zhongxing Bio-Technology Co.,Ltd. (天水众兴菌业科技股份有限公司) (002772.SZ) reported a net profit of 14.2 million yuan in the first quarter of 2022, down 67.3% year-on-year.

Meanwhile, the company posted 488.2 million yuan in revenue, up 23.4% year-on-year.

At the end of the reporting period, it had 6.7 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.5%.