Chengdu Hongqi Chain Co.,Ltd.’s Net Profit Dropped 1.6% in First Quarter of 2022

Chengdu Hongqi Chain Co.,Ltd. (成都红旗连锁股份有限公司) (002697.SZ) reported a net profit of 122.1 million yuan in the first quarter of 2022, down 1.6% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 8% year-on-year.

At the end of the reporting period, it had 7.4 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 48.9%.