Guangdong Shaoneng Group Co.,Ltd.’s Net Profit Dropped 9.8% in First Quarter of 2022

Guangdong Shaoneng Group Co.,Ltd. (广东韶能集团股份有限公司) (000601.SZ) reported a net profit of 33.2 million yuan in the first quarter of 2022, down 9.8% year-on-year.

Meanwhile, the company posted 887.6 million yuan in revenue, down 26.6% year-on-year.

At the end of the reporting period, it had 13.2 billion yuan in total assets and 8.2 billion yuan in total liabilities, with a liability-to-asset ratio of 61.7%.