Guirenniao Co.,Ltd. Posted 2.1 Million Yuan Net Profit in First Quarter of 2022

Guirenniao Co.,Ltd. (贵人鸟股份有限公司) (603555.SH) reported a net profit of 2.1 million yuan in the first quarter of 2022, reversing a net loss of 58.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 369.1 million yuan in revenue, up 74.8% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 934.5 million yuan in total liabilities, with a liability-to-asset ratio of 33.7%.