Zhejiang Wanliyang Co.,Ltd.’s Net Profit Dropped 43.7% in First Quarter of 2022

Zhejiang Wanliyang Co.,Ltd. (浙江万里扬股份有限公司) (002434.SZ) reported a net profit of 96.6 million yuan in the first quarter of 2022, down 43.7% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 10.1 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 46.4%.