Haitong Securities Company Limited’s Net Profit Dropped 61.7% in First Quarter of 2022

Haitong Securities Company Limited (海通证券股份有限公司) (600837.SH) reported a net profit of 1.5 billion yuan in the first quarter of 2022, down 61.7% year-on-year.

Meanwhile, the company posted 4.1 billion yuan in revenue, down 63.1% year-on-year.

At the end of the reporting period, it had 744.1 billion yuan in total assets and 565.8 billion yuan in total liabilities, with a liability-to-asset ratio of 76%.