Shenzhen Zhenye(Group) Co.,Ltd.’s Net Profit Dropped 84.1% in First Quarter of 2022

Shenzhen Zhenye(Group) Co.,Ltd. (深圳市振业(集团)股份有限公司) (000006.SZ) reported a net profit of 45.1 million yuan in the first quarter of 2022, down 84.1% year-on-year.

Meanwhile, the company posted 351.4 million yuan in revenue, down 61.7% year-on-year.

At the end of the reporting period, it had 23.5 billion yuan in total assets and 15.3 billion yuan in total liabilities, with a liability-to-asset ratio of 65%.