Wushang Group Co.,Ltd.’s Net Profit Dropped 34.2% in First Quarter of 2022

Wushang Group Co.,Ltd. (武商集团股份有限公司) (000501.SZ) reported a net profit of 175.8 million yuan in the first quarter of 2022, down 34.2% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 29.8 billion yuan in total assets and 18.9 billion yuan in total liabilities, with a liability-to-asset ratio of 63.6%.