Jangho Group Co.,Ltd.’s Net Profit Dropped 55.2% in First Quarter of 2022

Jangho Group Co.,Ltd. (江河创建集团股份有限公司) (601886.SH) reported a net profit of 102.4 million yuan in the first quarter of 2022, down 55.2% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, up 6.1% year-on-year.

At the end of the reporting period, it had 26.1 billion yuan in total assets and 18.4 billion yuan in total liabilities, with a liability-to-asset ratio of 70.4%.