Zhende Medical Co.,Ltd.’s Net Profit Dropped 62.3% in First Quarter of 2022

Zhende Medical Co.,Ltd. (振德医疗用品股份有限公司) (603301.SH) reported a net profit of 117 million yuan in the first quarter of 2022, down 62.3% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 36.6% year-on-year.

At the end of the reporting period, it had 6.7 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 31.8%.