Tibet Cheezheng Tibetan Medicine Co.,Ltd.’s Net Profit Dropped 15.7% in First Quarter of 2022

Tibet Cheezheng Tibetan Medicine Co.,Ltd. (西藏奇正藏药股份有限公司) (002287.SZ) reported a net profit of 86.8 million yuan in the first quarter of 2022, down 15.7% year-on-year.

Meanwhile, the company posted 407.6 million yuan in revenue, up 24% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 39.6%.