Baida Group Co.,Ltd.’s Net Profit Dropped 33.8% in First Quarter of 2022

Baida Group Co.,Ltd. (百大集团股份有限公司) (600865.SH) reported a net profit of 53.6 million yuan in the first quarter of 2022, down 33.8% year-on-year.

Meanwhile, the company posted 58.4 million yuan in revenue, down 13.7% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 315.2 million yuan in total liabilities, with a liability-to-asset ratio of 11.9%.