Hangzhou Zhongtai Cryogenic Technology Corporation’s Net Profit Rose 7.7% in First Quarter of 2022

Hangzhou Zhongtai Cryogenic Technology Corporation (杭州中泰深冷技术股份有限公司) (300435.SZ) reported a net profit of 62.3 million yuan in the first quarter of 2022, up 7.7% year-on-year.

Meanwhile, the company posted 886.6 million yuan in revenue, up 39% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 36.2%.