Ningbo Shanshan Co.,Ltd.’s Net Profit Rose 133.3% in First Quarter of 2022

Ningbo Shanshan Co.,Ltd. (宁波杉杉股份有限公司) (600884.SH) reported a net profit of 836.5 million yuan in the first quarter of 2022, up 133.3% year-on-year.

Meanwhile, the company posted 5 billion yuan in revenue, up 25.8% year-on-year.

At the end of the reporting period, it had 39.9 billion yuan in total assets and 19.7 billion yuan in total liabilities, with a liability-to-asset ratio of 49.3%.