Guangdong Guanghong Holdings Co.,Ltd.’s Net Profit Rose 21.9% in First Quarter of 2022

Guangdong Guanghong Holdings Co.,Ltd. (广东广弘控股股份有限公司) (000529.SZ) reported a net profit of 53.8 million yuan in the first quarter of 2022, up 21.9% year-on-year.

Meanwhile, the company posted 795.8 million yuan in revenue, up 25.6% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 51.4%.