Shuangliang Eco-Energy Systems Co.,Ltd.’s Net Profit Rose 389.6% in First Quarter of 2022

Shuangliang Eco-Energy Systems Co.,Ltd. (双良节能系统股份有限公司) (600481.SH) reported a net profit of 135.7 million yuan in the first quarter of 2022, up 389.6% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 299.5% year-on-year.

At the end of the reporting period, it had 10.3 billion yuan in total assets and 7.7 billion yuan in total liabilities, with a liability-to-asset ratio of 74.9%.