May 06, 2022 08:00 AM

Shanghai Baosteel Packaging Co,.Ltd.’s Net Profit Dropped 26.4% in First Quarter of 2022

By Caixin Automation

Shanghai Baosteel Packaging Co,.Ltd. (上海宝钢包装股份有限公司) (601968.SH) reported a net profit of 66.5 million yuan in the first quarter of 2022, down 26.4% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 22.2% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 56.2%.

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