Hangcha Group Co.,Ltd.’s Net Profit Dropped 14.3% in First Quarter of 2022

Hangcha Group Co.,Ltd. (杭叉集团股份有限公司) (603298.SH) reported a net profit of 197.8 million yuan in the first quarter of 2022, down 14.3% year-on-year.

Meanwhile, the company posted 3.6 billion yuan in revenue, up 7.5% year-on-year.

At the end of the reporting period, it had 11.5 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 46.2%.