Wanxiang Qianchao Co.,Ltd.’s Net Profit Rose 56.6% in First Quarter of 2022

Wanxiang Qianchao Co.,Ltd. (万向钱潮股份公司) (000559.SZ) reported a net profit of 264.2 million yuan in the first quarter of 2022, up 56.6% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, up 17.6% year-on-year.

At the end of the reporting period, it had 16.9 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 46.5%.