Shanghai Yongli Belting Co.,Ltd.’s Net Profit Dropped 39.2% in First Quarter of 2022

Shanghai Yongli Belting Co.,Ltd. (上海永利带业股份有限公司) (300230.SZ) reported a net profit of 38.6 million yuan in the first quarter of 2022, down 39.2% year-on-year.

Meanwhile, the company posted 449 million yuan in revenue, down 45.3% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 789.9 million yuan in total liabilities, with a liability-to-asset ratio of 24.2%.