Tungkong Inc.’s Net Profit Rose 4.3% in First Quarter of 2022

Tungkong Inc. (东港股份有限公司) (002117.SZ) reported a net profit of 46 million yuan in the first quarter of 2022, up 4.3% year-on-year.

Meanwhile, the company posted 300.8 million yuan in revenue, down 0.9% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 459.4 million yuan in total liabilities, with a liability-to-asset ratio of 22%.