Nanjing Develop Advanced Manufacturing Co.,Ltd.’s Net Profit Rose 152.3% in First Quarter of 2022

Nanjing Develop Advanced Manufacturing Co.,Ltd. (南京迪威尔高端制造股份有限公司) (688377.SH) reported a net profit of 30.4 million yuan in the first quarter of 2022, up 152.3% year-on-year.

Meanwhile, the company posted 200.3 million yuan in revenue, up 65% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 483.7 million yuan in total liabilities, with a liability-to-asset ratio of 24.2%.