Chengdu Hi-Tech Development Gr0up Co.,Ltd.’s Net Profit Dropped 40.3% in First Quarter of 2022

Chengdu Hi-Tech Development Gr0up Co.,Ltd. (成都高新发展股份有限公司) (000628.SZ) reported a net profit of 12 million yuan in the first quarter of 2022, down 40.3% year-on-year.

Meanwhile, the company posted 890.5 million yuan in revenue, down 15.9% year-on-year.

At the end of the reporting period, it had 10.2 billion yuan in total assets and 8.5 billion yuan in total liabilities, with a liability-to-asset ratio of 83.6%.