Jiangxi Hongdu Aviation Industry Co.,Ltd.’s Net Profit Dropped 85.5% in First Quarter of 2022

Jiangxi Hongdu Aviation Industry Co.,Ltd. (江西洪都航空工业股份有限公司) (600316.SH) reported a net profit of 5 million yuan in the first quarter of 2022, down 85.5% year-on-year.

Meanwhile, the company posted 723.9 million yuan in revenue, up 29.4% year-on-year.

At the end of the reporting period, it had 17.2 billion yuan in total assets and 12 billion yuan in total liabilities, with a liability-to-asset ratio of 69.6%.