Beijing Shunxin Agriculture Co.,Ltd.’s Net Profit Dropped 73.2% in First Quarter of 2022

Beijing Shunxin Agriculture Co.,Ltd. (北京顺鑫农业股份有限公司) (000860.SZ) reported a net profit of 102 million yuan in the first quarter of 2022, down 73.2% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 28.8% year-on-year.

At the end of the reporting period, it had 18.6 billion yuan in total assets and 10.7 billion yuan in total liabilities, with a liability-to-asset ratio of 57.6%.