Beijing Sanyuan Foods Co.,Ltd.’s Net Profit Dropped 68.1% in First Quarter of 2022

Beijing Sanyuan Foods Co.,Ltd. (北京三元食品股份有限公司) (600429.SH) reported a net profit of 30.7 million yuan in the first quarter of 2022, down 68.1% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 1.3% year-on-year.

At the end of the reporting period, it had 17.5 billion yuan in total assets and 10.6 billion yuan in total liabilities, with a liability-to-asset ratio of 60.6%.