Chongqing Taiji Industry(Group) Co.,Ltd.’s Net Profit Dropped 12.2% in First Quarter of 2022

Chongqing Taiji Industry(Group) Co.,Ltd. (重庆太极实业(集团)股份有限公司) (600129.SH) reported a net profit of 17.6 million yuan in the first quarter of 2022, down 12.2% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, up 6.3% year-on-year.

At the end of the reporting period, it had 13.8 billion yuan in total assets and 11.2 billion yuan in total liabilities, with a liability-to-asset ratio of 81%.