Beijing Changjiu Logistics Corp.’s Net Profit Dropped 91.9% in First Quarter of 2022

Beijing Changjiu Logistics Corp. (北京长久物流股份有限公司) (603569.SH) reported a net profit of 3.4 million yuan in the first quarter of 2022, down 91.9% year-on-year.

Meanwhile, the company posted 934.3 million yuan in revenue, down 13.5% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 53.6%.