Sino Biological Inc.’s Net Profit Dropped 65.6% in First Quarter of 2022

Sino Biological Inc. (北京义翘神州科技股份有限公司) (301047.SZ) reported a net profit of 114.2 million yuan in the first quarter of 2022, down 65.6% year-on-year.

Meanwhile, the company posted 175.8 million yuan in revenue, down 61.5% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 143 million yuan in total liabilities, with a liability-to-asset ratio of 2.3%.