Jiangsu Holly Corporation’s Net Profit Dropped 28.4% in First Quarter of 2022

Jiangsu Holly Corporation (江苏弘业股份有限公司) (600128.SH) reported a net profit of 5.8 million yuan in the first quarter of 2022, down 28.4% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 25% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 45.9%.