Ningbo Marine Company Limited’s Net Profit Dropped 28.9% in First Quarter of 2022

Ningbo Marine Company Limited (宁波海运股份有限公司) (600798.SH) reported a net profit of 47 million yuan in the first quarter of 2022, down 28.9% year-on-year.

Meanwhile, the company posted 466.7 million yuan in revenue, down 7.6% year-on-year.

At the end of the reporting period, it had 7.2 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 27.8%.