Apr 20, 2022 08:00 AM

Earth-Panda Advanced Magnetic Material Co.,Ltd.’s Net Profit Rose 80.5% in First Quarter of 2022

By Caixin Automation

Earth-Panda Advanced Magnetic Material Co.,Ltd. (安徽大地熊新材料股份有限公司) (688077.SH) reported a net profit of 54.4 million yuan in the first quarter of 2022, up 80.5% year-on-year.

Meanwhile, the company posted 473.9 million yuan in revenue, up 60.8% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 49.9%.

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