Zheshang Securities Co.,Ltd.’s Net Profit Dropped 23.2% in First Quarter of 2022

Zheshang Securities Co.,Ltd. (浙商证券股份有限公司) (601878.SH) reported a net profit of 323.3 million yuan in the first quarter of 2022, down 23.2% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 121.1 billion yuan in total assets and 96.9 billion yuan in total liabilities, with a liability-to-asset ratio of 80%.