Jiangsu Expressway Company Limited’s Net Profit Dropped 31.9% in First Quarter of 2022

Jiangsu Expressway Company Limited (江苏宁沪高速公路股份有限公司) (600377.SH) reported a net profit of 785.4 million yuan in the first quarter of 2022, down 31.9% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 7.8% year-on-year.

At the end of the reporting period, it had 68.6 billion yuan in total assets and 31.8 billion yuan in total liabilities, with a liability-to-asset ratio of 46.4%.