Hailun Piano Co.,Ltd.’s Net Profit Dropped 50.7% in First Quarter of 2022

Hailun Piano Co.,Ltd. (海伦钢琴股份有限公司) (300329.SZ) reported a net profit of 6.5 million yuan in the first quarter of 2022, down 50.7% year-on-year.

Meanwhile, the company posted 97.2 million yuan in revenue, down 25% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 482.2 million yuan in total liabilities, with a liability-to-asset ratio of 34.3%.