Anhui Wanwei Updated High-Tech Material Industry Company Limited’s Net Profit Rose 221.9% in First Quarter of 2022

Anhui Wanwei Updated High-Tech Material Industry Company Limited (安徽皖维高新材料股份有限公司) (600063.SH) reported a net profit of 415.2 million yuan in the first quarter of 2022, up 221.9% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 47% year-on-year.

At the end of the reporting period, it had 12.3 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 45.4%.