Yinbang Clad Material Co.,Ltd.’s Net Profit Rose 275.6% in First Quarter of 2022

Yinbang Clad Material Co.,Ltd. (银邦金属复合材料股份有限公司) (300337.SZ) reported a net profit of 40.4 million yuan in the first quarter of 2022, up 275.6% year-on-year.

Meanwhile, the company posted 858.5 million yuan in revenue, up 20.3% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 58.5%.