Shanghai Huitong Energy Co.,Ltd.’s Net Profit Dropped 75.3% in First Quarter of 2022

Shanghai Huitong Energy Co.,Ltd. (上海汇通能源股份有限公司) (600605.SH) reported a net profit of 1.9 million yuan in the first quarter of 2022, down 75.3% year-on-year.

Meanwhile, the company posted 22.3 million yuan in revenue, down 26.7% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 47.4%.