Guangzhou Guangri Stock Co.,Ltd.’s Net Profit Dropped 96.3% in First Quarter of 2022

Guangzhou Guangri Stock Co.,Ltd. (广州广日股份有限公司) (600894.SH) reported a net profit of 1.1 million yuan in the first quarter of 2022, down 96.3% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 10.3% year-on-year.

At the end of the reporting period, it had 11.9 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 27.9%.