Xinjiang Torch Gas Co.,Ltd.’s Net Profit Rose 6.9% in First Quarter of 2022

Xinjiang Torch Gas Co.,Ltd. (新疆火炬燃气股份有限公司) (603080.SH) reported a net profit of 36.1 million yuan in the first quarter of 2022, up 6.9% year-on-year.

Meanwhile, the company posted 262 million yuan in revenue, up 3.6% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 700.4 million yuan in total liabilities, with a liability-to-asset ratio of 34.8%.