Luoyang Glass Company Limited’s Net Profit Dropped 28.6% in First Quarter of 2022

Luoyang Glass Company Limited (洛阳玻璃股份有限公司) (600876.SH) reported a net profit of 122 million yuan in the first quarter of 2022, down 28.6% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 18% year-on-year.

At the end of the reporting period, it had 8.8 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 49.3%.