Beijing North Star Company Limited’s Net Profit Dropped 88% in First Quarter of 2022

Beijing North Star Company Limited (北京北辰实业股份有限公司) (601588.SH) reported a net profit of 38 million yuan in the first quarter of 2022, down 88% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 64.5% year-on-year.

At the end of the reporting period, it had 76.8 billion yuan in total assets and 57.5 billion yuan in total liabilities, with a liability-to-asset ratio of 74.8%.