Changhong Meiling Co.,Ltd.’s Net Profit Rose 17.7% in First Quarter of 2022

Changhong Meiling Co.,Ltd. (长虹美菱股份有限公司) (000521.SZ) reported a net profit of 13.4 million yuan in the first quarter of 2022, up 17.7% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, down 2.8% year-on-year.

At the end of the reporting period, it had 15.4 billion yuan in total assets and 10.4 billion yuan in total liabilities, with a liability-to-asset ratio of 67.4%.