Shenzhen Sed Industry Co.,Ltd.’s Net Profit Dropped 60.7% in First Quarter of 2022

Shenzhen Sed Industry Co.,Ltd. (深圳市桑达实业股份有限公司) (000032.SZ) reported a net profit of 66 million yuan in the first quarter of 2022, down 60.7% year-on-year.

Meanwhile, the company posted 11 billion yuan in revenue, up 35.7% year-on-year.

At the end of the reporting period, it had 44.1 billion yuan in total assets and 34.5 billion yuan in total liabilities, with a liability-to-asset ratio of 78.3%.