Guangdong Mingzhu Group Co.,Ltd.’s Net Profit Dropped 81.1% in First Quarter of 2022

Guangdong Mingzhu Group Co.,Ltd. (广东明珠集团股份有限公司) (600382.SH) reported a net profit of 58.4 million yuan in the first quarter of 2022, down 81.1% year-on-year.

Meanwhile, the company posted 200.3 million yuan in revenue, down 58.3% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 787.7 million yuan in total liabilities, with a liability-to-asset ratio of 15.7%.