Shinva Medical Instrument Co.,Ltd.’s Net Profit Dropped 13.5% in First Quarter of 2022

Shinva Medical Instrument Co.,Ltd. (山东新华医疗器械股份有限公司) (600587.SH) reported a net profit of 129.8 million yuan in the first quarter of 2022, down 13.5% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 16.1% year-on-year.

At the end of the reporting period, it had 12.3 billion yuan in total assets and 6.9 billion yuan in total liabilities, with a liability-to-asset ratio of 55.9%.