Suning Universal Co.,Ltd.’s Net Profit Dropped 51.8% in First Quarter of 2022

Suning Universal Co.,Ltd. (苏宁环球股份有限公司) (000718.SZ) reported a net profit of 130.8 million yuan in the first quarter of 2022, down 51.8% year-on-year.

Meanwhile, the company posted 476.7 million yuan in revenue, down 41.8% year-on-year.

At the end of the reporting period, it had 16 billion yuan in total assets and 6.7 billion yuan in total liabilities, with a liability-to-asset ratio of 42.3%.