Polaris Bay Group Co.,Ltd.’s Net Profit Dropped 79.2% in First Quarter of 2022

Polaris Bay Group Co.,Ltd. (华创阳安股份有限公司) (600155.SH) reported a net profit of 28.5 million yuan in the first quarter of 2022, down 79.2% year-on-year.

Meanwhile, the company posted 474.8 million yuan in revenue, down 7.5% year-on-year.

At the end of the reporting period, it had 51.4 billion yuan in total assets and 35 billion yuan in total liabilities, with a liability-to-asset ratio of 68.2%.