China Union Holdings Ltd.’s Net Profit Dropped 62% in First Half of 2022

China Union Holdings Ltd. (华联控股股份有限公司) (000036.SZ) reported a net profit of 66.2 million yuan in the first half of 2022, down 62% year-on-year.

Meanwhile, the company posted 358.6 million yuan in revenue, down 46% year-on-year.

At the end of the reporting period, it had 9.1 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 34.2%.