Zhejiang Longsheng Group Co.,Ltd.’s Net Profit Dropped 51.8% in First Quarter of 2022

Zhejiang Longsheng Group Co.,Ltd. (浙江龙盛集团股份有限公司) (600352.SH) reported a net profit of 544.3 million yuan in the first quarter of 2022, down 51.8% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, up 7.9% year-on-year.

At the end of the reporting period, it had 66.3 billion yuan in total assets and 32.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49.6%.