Jiangsu High Hope International Corporation’s Net Profit Rose 43.4% in First Quarter of 2022

Jiangsu High Hope International Corporation (江苏汇鸿国际集团股份有限公司) (600981.SH) reported a net profit of 27 million yuan in the first quarter of 2022, up 43.4% year-on-year.

Meanwhile, the company posted 8.7 billion yuan in revenue, down 21.6% year-on-year.

At the end of the reporting period, it had 27.2 billion yuan in total assets and 20.3 billion yuan in total liabilities, with a liability-to-asset ratio of 74.8%.