Guangdong Yantang Dairy Co.,Ltd.’s Net Profit Dropped 41.9% in First Quarter of 2022

Guangdong Yantang Dairy Co.,Ltd. (广东燕塘乳业股份有限公司) (002732.SZ) reported a net profit of 20.3 million yuan in the first quarter of 2022, down 41.9% year-on-year.

Meanwhile, the company posted 386.5 million yuan in revenue, down 3% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 472.8 million yuan in total liabilities, with a liability-to-asset ratio of 27.9%.