Changsha Tongcheng Holdings Co.,Ltd.’s Net Profit Rose 117.5% in First Quarter of 2022

Changsha Tongcheng Holdings Co.,Ltd. (长沙通程控股股份有限公司) (000419.SZ) reported a net profit of 56.3 million yuan in the first quarter of 2022, up 117.5% year-on-year.

Meanwhile, the company posted 494.7 million yuan in revenue, down 6.3% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 38.3%.