Xiamen Sunrise Group Co.,Ltd.’s Net Profit Dropped 40% in First Quarter of 2022

Xiamen Sunrise Group Co.,Ltd. (厦门日上集团股份有限公司) (002593.SZ) reported a net profit of 15.3 million yuan in the first quarter of 2022, down 40% year-on-year.

Meanwhile, the company posted 817.1 million yuan in revenue, down 1.7% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 52.9%.