Hla Group Corp.,Ltd.’s Net Profit Dropped 13.9% in First Quarter of 2022

Hla Group Corp.,Ltd. (海澜之家集团股份有限公司) (600398.SH) reported a net profit of 707.5 million yuan in the first quarter of 2022, down 13.9% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, down 5.1% year-on-year.

At the end of the reporting period, it had 32.9 billion yuan in total assets and 17.1 billion yuan in total liabilities, with a liability-to-asset ratio of 52%.