Caitong Securities Co.,Ltd.’s Net Profit Dropped 64.8% in First Quarter of 2022

Caitong Securities Co.,Ltd. (财通证券股份有限公司) (601108.SH) reported a net profit of 157.2 million yuan in the first quarter of 2022, down 64.8% year-on-year.

Meanwhile, the company posted 651.1 million yuan in revenue, down 51.1% year-on-year.

At the end of the reporting period, it had 108 billion yuan in total assets and 82.7 billion yuan in total liabilities, with a liability-to-asset ratio of 76.5%.