Shanghai Aj Group Co.,Ltd.’s Net Profit Dropped 9% in First Quarter of 2022

Shanghai Aj Group Co.,Ltd. (上海爱建集团股份有限公司) (600643.SH) reported a net profit of 297.8 million yuan in the first quarter of 2022, down 9% year-on-year.

Meanwhile, the company posted 398.2 million yuan in revenue, down 26.6% year-on-year.

At the end of the reporting period, it had 27 billion yuan in total assets and 14.4 billion yuan in total liabilities, with a liability-to-asset ratio of 53.1%.