Zhejiang Jianfeng Group Co.,Ltd.’s Net Profit Dropped 64.9% in First Quarter of 2022

Zhejiang Jianfeng Group Co.,Ltd. (浙江尖峰集团股份有限公司) (600668.SH) reported a net profit of 35.4 million yuan in the first quarter of 2022, down 64.9% year-on-year.

Meanwhile, the company posted 832 million yuan in revenue, up 6.5% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 22.6%.