Hainan Yedao(Group) Co.,Ltd.’s Net Profit Rose 856.1% in First Quarter of 2022

Hainan Yedao(Group) Co.,Ltd. (海南椰岛(集团)股份有限公司) (600238.SH) reported a net profit of 29.2 million yuan in the first quarter of 2022, up 856.1% year-on-year.

Meanwhile, the company posted 221.9 million yuan in revenue, up 26.2% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 758.4 million yuan in total liabilities, with a liability-to-asset ratio of 57.2%.