Shanghai Wanye Enterprises Co.,Ltd.’s Net Profit Dropped 88.5% in First Quarter of 2022

Shanghai Wanye Enterprises Co.,Ltd. (上海万业企业股份有限公司) (600641.SH) reported a net profit of 23.1 million yuan in the first quarter of 2022, down 88.5% year-on-year.

Meanwhile, the company posted 97.4 million yuan in revenue, down 76.5% year-on-year.

At the end of the reporting period, it had 9.6 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 20.2%.