Sungrow Power Supply Co.,Ltd.’s Net Profit Rose 8.3% in First Quarter of 2022

Sungrow Power Supply Co.,Ltd. (阳光电源股份有限公司) (300274.SZ) reported a net profit of 422.5 million yuan in the first quarter of 2022, up 8.3% year-on-year.

Meanwhile, the company posted 4.6 billion yuan in revenue, up 36.5% year-on-year.

At the end of the reporting period, it had 44.1 billion yuan in total assets and 26.9 billion yuan in total liabilities, with a liability-to-asset ratio of 61.1%.