Guizhou Redstar Developing Co.,Ltd.’s Net Profit Rose 558.5% in First Quarter of 2022

Guizhou Redstar Developing Co.,Ltd. (贵州红星发展股份有限公司) (600367.SH) reported a net profit of 91.9 million yuan in the first quarter of 2022, up 558.5% year-on-year.

Meanwhile, the company posted 594.7 million yuan in revenue, up 56.1% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 584.3 million yuan in total liabilities, with a liability-to-asset ratio of 24.2%.