Shanghai Tongji Science&Technology Industrial Co.,Ltd.’s Net Profit Dropped 18.3% in First Quarter of 2022

Shanghai Tongji Science&Technology Industrial Co.,Ltd. (上海同济科技实业股份有限公司) (600846.SH) reported a net profit of 62.1 million yuan in the first quarter of 2022, down 18.3% year-on-year.

Meanwhile, the company posted 709.6 million yuan in revenue, down 19.9% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 67.3%.