Chengzhi Co.,Ltd.’s Net Profit Dropped 44.9% in First Quarter of 2022

Chengzhi Co.,Ltd. (诚志股份有限公司) (000990.SZ) reported a net profit of 176.6 million yuan in the first quarter of 2022, down 44.9% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 12.4% year-on-year.

At the end of the reporting period, it had 25.2 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 26%.