Guangdong Wanlima Industry Co.,Ltd.’s Net Profit Dropped 25.2% in First Quarter of 2022

Guangdong Wanlima Industry Co.,Ltd. (广东万里马实业股份有限公司) (300591.SZ) reported a net profit of 2.5 million yuan in the first quarter of 2022, down 25.2% year-on-year.

Meanwhile, the company posted 121.8 million yuan in revenue, up 17% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 840.3 million yuan in total liabilities, with a liability-to-asset ratio of 68.4%.