Black Peony(Group) Co.,Ltd.’s Net Profit Dropped 93% in First Quarter of 2022

Black Peony(Group) Co.,Ltd. (黑牡丹(集团)股份有限公司) (600510.SH) reported a net profit of 21.5 million yuan in the first quarter of 2022, down 93% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 56.7% year-on-year.

At the end of the reporting period, it had 36.5 billion yuan in total assets and 25.6 billion yuan in total liabilities, with a liability-to-asset ratio of 70.2%.