Xinjiang Xuefeng Sci-Tech(Group) Co.,Ltd.’s Net Profit Rose 172.9% in First Quarter of 2022

Xinjiang Xuefeng Sci-Tech(Group) Co.,Ltd. (新疆雪峰科技(集团)股份有限公司) (603227.SH) reported a net profit of 95.5 million yuan in the first quarter of 2022, up 172.9% year-on-year.

Meanwhile, the company posted 702.9 million yuan in revenue, up 27.5% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 49.8%.