Shanghai Kaichuang Marine International Co.,Ltd.’s Net Profit Dropped 13.4% in First Quarter of 2022

Shanghai Kaichuang Marine International Co.,Ltd. (上海开创国际海洋资源股份有限公司) (600097.SH) reported a net profit of 10.4 million yuan in the first quarter of 2022, down 13.4% year-on-year.

Meanwhile, the company posted 269.3 million yuan in revenue, down 29.3% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 32.8%.