Guangdong Hongda Holdings Group Co.,Ltd.’s Net Profit Dropped 44.2% in First Quarter of 2022

Guangdong Hongda Holdings Group Co.,Ltd. (广东宏大控股集团股份有限公司) (002683.SZ) reported a net profit of 50.4 million yuan in the first quarter of 2022, down 44.2% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 20.3% year-on-year.

At the end of the reporting period, it had 13.9 billion yuan in total assets and 7.1 billion yuan in total liabilities, with a liability-to-asset ratio of 51.5%.