New Hope Dairy Co.,Ltd.’s Net Profit Rose 31.5% in First Quarter of 2022

New Hope Dairy Co.,Ltd. (新希望乳业股份有限公司) (002946.SZ) reported a net profit of 45.6 million yuan in the first quarter of 2022, up 31.5% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 15% year-on-year.

At the end of the reporting period, it had 9.3 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 68.7%.