Soochow Securities Co.,Ltd.’s Net Profit Dropped 73% in First Quarter of 2022

Soochow Securities Co.,Ltd. (东吴证券股份有限公司) (601555.SH) reported a net profit of 115.4 million yuan in the first quarter of 2022, down 73% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 22.9% year-on-year.

At the end of the reporting period, it had 150.3 billion yuan in total assets and 112.7 billion yuan in total liabilities, with a liability-to-asset ratio of 75%.