Hangzhou Jiebai Group Co.,Limited.’s Net Profit Dropped 28% in First Quarter of 2022

Hangzhou Jiebai Group Co.,Limited. (杭州解百集团股份有限公司) (600814.SH) reported a net profit of 163.7 million yuan in the first quarter of 2022, down 28% year-on-year.

Meanwhile, the company posted 527.6 million yuan in revenue, down 12.3% year-on-year.

At the end of the reporting period, it had 8.8 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 50%.