Shandong Gold Phoenix Co.,Ltd. Posted 9.4 Million Yuan Net Profit in First Quarter of 2022

Shandong Gold Phoenix Co.,Ltd. (山东金麒麟股份有限公司) (603586.SH) reported a net profit of 9.4 million yuan in the first quarter of 2022, reversing a net loss of 23.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 411.3 million yuan in revenue, up 34.7% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 688.3 million yuan in total liabilities, with a liability-to-asset ratio of 25.4%.