Xiamen Hexing Packaging Printing Co.,Ltd.’s Net Profit Dropped 40.9% in First Quarter of 2022

Xiamen Hexing Packaging Printing Co.,Ltd. (厦门合兴包装印刷股份有限公司) (002228.SZ) reported a net profit of 43.4 million yuan in the first quarter of 2022, down 40.9% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, up 4.3% year-on-year.

At the end of the reporting period, it had 9.2 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 59.1%.