Yinchuan Xinhua Commercial(Group) Co.,Ltd.’s Net Profit Dropped 8.6% in First Quarter of 2022

Yinchuan Xinhua Commercial(Group) Co.,Ltd. (银川新华百货商业集团股份有限公司) (600785.SH) reported a net profit of 39.9 million yuan in the first quarter of 2022, down 8.6% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 2.8% year-on-year.

At the end of the reporting period, it had 7.9 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 77%.