Black Peony(Group) Co.,Ltd.’s Net Profit Dropped 91.2% in First Half of 2022

Black Peony(Group) Co.,Ltd. (黑牡丹(集团)股份有限公司) (600510.SH) reported a net profit of 53 million yuan in the first half of 2022, down 91.2% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 67.7% year-on-year.

At the end of the reporting period, it had 36.8 billion yuan in total assets and 26.4 billion yuan in total liabilities, with a liability-to-asset ratio of 71.7%.