Shandong Shengli Co.,Ltd.’s Net Profit Dropped 75.7% in First Quarter of 2022

Shandong Shengli Co.,Ltd. (山东胜利股份有限公司) (000407.SZ) reported a net profit of 38.1 million yuan in the first quarter of 2022, down 75.7% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 56.3%.