Yinyi Co.,Ltd. Posted 462.9 Million Yuan Net Profit in First Quarter of 2022

Yinyi Co.,Ltd. (银亿股份有限公司) (000981.SZ) reported a net profit of 462.9 million yuan in the first quarter of 2022, reversing a net loss of 181.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 28.9% year-on-year.

At the end of the reporting period, it had 18.5 billion yuan in total assets and 12.5 billion yuan in total liabilities, with a liability-to-asset ratio of 67.3%.