Baosheng Science And Technology Innovation Co.,Ltd.’s Net Profit Dropped 68.1% in First Quarter of 2022

Baosheng Science And Technology Innovation Co.,Ltd. (宝胜科技创新股份有限公司) (600973.SH) reported a net profit of 37.5 million yuan in the first quarter of 2022, down 68.1% year-on-year.

Meanwhile, the company posted 10 billion yuan in revenue, up 11.5% year-on-year.

At the end of the reporting period, it had 22 billion yuan in total assets and 17.2 billion yuan in total liabilities, with a liability-to-asset ratio of 78.4%.