Tongkun Group Co.,Ltd.’s Net Profit Dropped 12.2% in First Quarter of 2022

Tongkun Group Co.,Ltd. (桐昆集团股份有限公司) (601233.SH) reported a net profit of 1.5 billion yuan in the first quarter of 2022, down 12.2% year-on-year.

Meanwhile, the company posted 13 billion yuan in revenue, up 16.7% year-on-year.

At the end of the reporting period, it had 77.7 billion yuan in total assets and 40.2 billion yuan in total liabilities, with a liability-to-asset ratio of 51.8%.