Cangzhou Mingzhu Plastic Co.,Ltd.’s Net Profit Dropped 47.2% in First Quarter of 2022

Cangzhou Mingzhu Plastic Co.,Ltd. (沧州明珠塑料股份有限公司) (002108.SZ) reported a net profit of 58.9 million yuan in the first quarter of 2022, down 47.2% year-on-year.

Meanwhile, the company posted 509.7 million yuan in revenue, down 13.6% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 31%.