Baotailong New Materials Co.,Ltd.’s Net Profit Dropped 4% in First Quarter of 2022

Baotailong New Materials Co.,Ltd. (宝泰隆新材料股份有限公司) (601011.SH) reported a net profit of 35.2 million yuan in the first quarter of 2022, down 4% year-on-year.

Meanwhile, the company posted 791.8 million yuan in revenue, down 2.5% year-on-year.

At the end of the reporting period, it had 13.1 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 36.6%.