May 06, 2022 08:00 AM

Shanghai Sanmao Enterprise(Group) Co.,Ltd.’s Net Profit Dropped 68.4% in First Quarter of 2022

By Caixin Automation

Shanghai Sanmao Enterprise(Group) Co.,Ltd. (上海三毛企业(集团)股份有限公司) (600689.SH) reported a net profit of 1 million yuan in the first quarter of 2022, down 68.4% year-on-year.

Meanwhile, the company posted 115.2 million yuan in revenue, down 28.5% year-on-year.

At the end of the reporting period, it had 722.5 million yuan in total assets and 283.3 million yuan in total liabilities, with a liability-to-asset ratio of 39.2%.

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