Csg Holding Co.,Ltd.’s Net Profit Dropped 33% in First Quarter of 2022

Csg Holding Co.,Ltd. (中国南玻集团股份有限公司) (000012.SZ) reported a net profit of 387.7 million yuan in the first quarter of 2022, down 33% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, down 7.4% year-on-year.

At the end of the reporting period, it had 20.7 billion yuan in total assets and 8.5 billion yuan in total liabilities, with a liability-to-asset ratio of 40.8%.