Zhejiang Longsheng Group Co.,Ltd.’s Net Profit Dropped 41% in First Half of 2022

Zhejiang Longsheng Group Co.,Ltd. (浙江龙盛集团股份有限公司) (600352.SH) reported a net profit of 1.6 billion yuan in the first half of 2022, down 41% year-on-year.

Meanwhile, the company posted 9.1 billion yuan in revenue, up 7.9% year-on-year.

At the end of the reporting period, it had 70 billion yuan in total assets and 36.7 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.