Zhuzhou Kibing Group Co.,Ltd.’s Net Profit Dropped 40.7% in First Quarter of 2022

Zhuzhou Kibing Group Co.,Ltd. (株洲旗滨集团股份有限公司) (601636.SH) reported a net profit of 521.5 million yuan in the first quarter of 2022, down 40.7% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 4.8% year-on-year.

At the end of the reporting period, it had 21.6 billion yuan in total assets and 7.4 billion yuan in total liabilities, with a liability-to-asset ratio of 34.5%.