Nanfang Black Sesame Gruop Co.,Ltd.’s Net Profit Dropped 76.4% in First Quarter of 2022

Nanfang Black Sesame Gruop Co.,Ltd. (南方黑芝麻集团股份有限公司) (000716.SZ) reported a net profit of 2.7 million yuan in the first quarter of 2022, down 76.4% year-on-year.

Meanwhile, the company posted 680.7 million yuan in revenue, down 19% 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 45.8%.