Hongda Xingye Co.,Ltd.’s Net Profit Dropped 62.7% in First Quarter of 2022

Hongda Xingye Co.,Ltd. (鸿达兴业股份有限公司) (002002.SZ) reported a net profit of 102.1 million yuan in the first quarter of 2022, down 62.7% year-on-year.

Meanwhile, the company posted 909.4 million yuan in revenue, down 44.6% year-on-year.

At the end of the reporting period, it had 17.9 billion yuan in total assets and 7.7 billion yuan in total liabilities, with a liability-to-asset ratio of 43.3%.