Yantai Shuangta Food Co.,Ltd.’s Net Profit Dropped 48.5% in First Quarter of 2022

Yantai Shuangta Food Co.,Ltd. (烟台双塔食品股份有限公司) (002481.SZ) reported a net profit of 51.3 million yuan in the first quarter of 2022, down 48.5% year-on-year.

Meanwhile, the company posted 449.2 million yuan in revenue, down 4.1% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 27.6%.