China Union Holdings Ltd.’s Net Profit Dropped 67.7% in First Quarter of 2022

China Union Holdings Ltd. (华联控股股份有限公司) (000036.SZ) reported a net profit of 45 million yuan in the first quarter of 2022, down 67.7% year-on-year.

Meanwhile, the company posted 202.5 million yuan in revenue, down 60.9% year-on-year.

At the end of the reporting period, it had 9.2 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 34.5%.