Guangzhou Port Company Limited’s Net Profit Rose 12.5% in First Quarter of 2022

Guangzhou Port Company Limited (广州港股份有限公司) (601228.SH) reported a net profit of 331.6 million yuan in the first quarter of 2022, up 12.5% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, up 2.8% year-on-year.

At the end of the reporting period, it had 40.4 billion yuan in total assets and 22.2 billion yuan in total liabilities, with a liability-to-asset ratio of 54.9%.