Xiandai Investment Co.,Ltd.’s Net Profit Dropped 37.2% in First Quarter of 2022

Xiandai Investment Co.,Ltd. (现代投资股份有限公司) (000900.SZ) reported a net profit of 171.6 million yuan in the first quarter of 2022, down 37.2% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, down 30.3% year-on-year.

At the end of the reporting period, it had 57.7 billion yuan in total assets and 45 billion yuan in total liabilities, with a liability-to-asset ratio of 77.9%.