Crrc Corporation Limited’s Net Profit Dropped 66.7% in First Quarter of 2022

Crrc Corporation Limited (中国中车股份有限公司) (601766.SH) reported a net profit of 549.7 million yuan in the first quarter of 2022, down 66.7% year-on-year.

Meanwhile, the company posted 30.6 billion yuan in revenue, down 26.2% year-on-year.

At the end of the reporting period, it had 428.4 billion yuan in total assets and 245.7 billion yuan in total liabilities, with a liability-to-asset ratio of 57.4%.