Shenzhen Fountain Corporation’s Net Profit Dropped 92.7% in First Quarter of 2022

Shenzhen Fountain Corporation (深圳世纪星源股份有限公司) (000005.SZ) reported a net profit of 608,441 yuan in the first quarter of 2022, down 92.7% year-on-year.

Meanwhile, the company posted 29.3 million yuan in revenue, down 39.2% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 890.7 million yuan in total liabilities, with a liability-to-asset ratio of 37.6%.