Kuaijishan Shaoxing Wine Co.,Ltd.’s Net Profit Dropped 7.8% in First Quarter of 2022

Kuaijishan Shaoxing Wine Co.,Ltd. (会稽山绍兴酒股份有限公司) (601579.SH) reported a net profit of 78.2 million yuan in the first quarter of 2022, down 7.8% year-on-year.

Meanwhile, the company posted 377.5 million yuan in revenue, up 0.7% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 728.7 million yuan in total liabilities, with a liability-to-asset ratio of 16.3%.