Shengyi Technology Co.,Ltd.’s Net Profit Dropped 11.4% in First Quarter of 2022

Shengyi Technology Co.,Ltd. (广东生益科技股份有限公司) (600183.SH) reported a net profit of 506.6 million yuan in the first quarter of 2022, down 11.4% year-on-year.

Meanwhile, the company posted 4.8 billion yuan in revenue, up 5.8% year-on-year.

At the end of the reporting period, it had 26.1 billion yuan in total assets and 10.7 billion yuan in total liabilities, with a liability-to-asset ratio of 41.1%.