Shanghai Ganglian E-Commerce Holdings Co.,Ltd.’s Net Profit Dropped 6.5% in First Quarter of 2022

Shanghai Ganglian E-Commerce Holdings Co.,Ltd. (上海钢联电子商务股份有限公司) (300226.SZ) reported a net profit of 76 million yuan in the first quarter of 2022, down 6.5% year-on-year.

Meanwhile, the company posted 15.5 billion yuan in revenue, up 36.9% year-on-year.

At the end of the reporting period, it had 18.3 billion yuan in total assets and 14.5 billion yuan in total liabilities, with a liability-to-asset ratio of 79.2%.