Guangxi Wuzhou Zhongheng Group Co.,Ltd.’s Net Profit Dropped 73.7% in First Quarter of 2022

Guangxi Wuzhou Zhongheng Group Co.,Ltd. (广西梧州中恒集团股份有限公司) (600252.SH) reported a net profit of 57.3 million yuan in the first quarter of 2022, down 73.7% year-on-year.

Meanwhile, the company posted 640.5 million yuan in revenue, down 44.5% year-on-year.

At the end of the reporting period, it had 12 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 27.6%.