Shanghai New Huang Pu Industrial Group Co.,Ltd.’s Net Profit Dropped 85.8% in First Quarter of 2022

Shanghai New Huang Pu Industrial Group Co.,Ltd. (上海新黄浦实业集团股份有限公司) (600638.SH) reported a net profit of 5.1 million yuan in the first quarter of 2022, down 85.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 528.7% year-on-year.

At the end of the reporting period, it had 21.4 billion yuan in total assets and 16.9 billion yuan in total liabilities, with a liability-to-asset ratio of 78.9%.