Dashang Co.,Ltd.’s Net Profit Dropped 19.7% in First Quarter of 2022

Dashang Co.,Ltd. (大商股份有限公司) (600694.SH) reported a net profit of 252 million yuan in the first quarter of 2022, down 19.7% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 10.5% year-on-year.

At the end of the reporting period, it had 19.7 billion yuan in total assets and 10.4 billion yuan in total liabilities, with a liability-to-asset ratio of 52.8%.