Flat Glass Group Co.,Ltd.’s Net Profit Dropped 47.9% in First Quarter of 2022

Flat Glass Group Co.,Ltd. (福莱特玻璃集团股份有限公司) (601865.SH) reported a net profit of 436.7 million yuan in the first quarter of 2022, down 47.9% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, up 70.6% year-on-year.

At the end of the reporting period, it had 23.4 billion yuan in total assets and 11.2 billion yuan in total liabilities, with a liability-to-asset ratio of 47.7%.