Xiamen Kingdomway Group Company’s Net Profit Dropped 60% in First Quarter of 2022

Xiamen Kingdomway Group Company (厦门金达威集团股份有限公司) (002626.SZ) reported a net profit of 121.1 million yuan in the first quarter of 2022, down 60% year-on-year.

Meanwhile, the company posted 741.4 million yuan in revenue, down 17.7% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 27.4%.