Sichuan Hongda Co.,Ltd.’s Net Profit Dropped 10.1% in First Quarter of 2022

Sichuan Hongda Co.,Ltd. (四川宏达股份有限公司) (600331.SH) reported a net profit of 32.6 million yuan in the first quarter of 2022, down 10.1% year-on-year.

Meanwhile, the company posted 746.8 million yuan in revenue, up 22.4% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 83.4%.