Shenzhen Transsion Holdings Co.,Ltd.’s Net Profit Dropped 0.4% in First Quarter of 2022

Shenzhen Transsion Holdings Co.,Ltd. (深圳传音控股股份有限公司) (688036.SH) reported a net profit of 794.2 million yuan in the first quarter of 2022, down 0.4% year-on-year.

Meanwhile, the company posted 11.1 billion yuan in revenue, down 1.8% year-on-year.

At the end of the reporting period, it had 32 billion yuan in total assets and 17.1 billion yuan in total liabilities, with a liability-to-asset ratio of 53.5%.