Jiangxi Hongcheng Environment Co.,Ltd.’s Net Profit Rose 5.8% in First Quarter of 2022

Jiangxi Hongcheng Environment Co.,Ltd. (江西洪城环境股份有限公司) (600461.SH) reported a net profit of 257.1 million yuan in the first quarter of 2022, up 5.8% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 12.7% year-on-year.

At the end of the reporting period, it had 18.6 billion yuan in total assets and 11.8 billion yuan in total liabilities, with a liability-to-asset ratio of 63.7%.