Jiangsu Guoxin Corp.,Ltd.’s Net Profit Dropped 16% in First Quarter of 2022

Jiangsu Guoxin Corp.,Ltd. (江苏国信股份有限公司) (002608.SZ) reported a net profit of 521.7 million yuan in the first quarter of 2022, down 16% year-on-year.

Meanwhile, the company posted 7.5 billion yuan in revenue, up 22.6% year-on-year.

At the end of the reporting period, it had 82.5 billion yuan in total assets and 43.9 billion yuan in total liabilities, with a liability-to-asset ratio of 53.2%.