Shanxi Antai Group Co.,Ltd.’s Net Profit Dropped 80% in First Quarter of 2022

Shanxi Antai Group Co.,Ltd. (山西安泰集团股份有限公司) (600408.SH) reported a net profit of 51.2 million yuan in the first quarter of 2022, down 80% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 22% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 45.8%.