Xinhu Zhongbao Co.,Ltd.’s Net Profit Dropped 2% in First Quarter of 2022

Xinhu Zhongbao Co.,Ltd. (新湖中宝股份有限公司) (600208.SH) reported a net profit of 485.1 million yuan in the first quarter of 2022, down 2% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 1.3% year-on-year.

At the end of the reporting period, it had 128.7 billion yuan in total assets and 87.6 billion yuan in total liabilities, with a liability-to-asset ratio of 68.1%.