Dehua Tb New Decoration Material Co.,Ltd.’s Net Profit Dropped 5.9% in First Quarter of 2022

Dehua Tb New Decoration Material Co.,Ltd. (德华兔宝宝装饰新材股份有限公司) (002043.SZ) reported a net profit of 97.7 million yuan in the first quarter of 2022, down 5.9% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 19% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 56.9%.