Grinm Advanced Materials Co.,Ltd.’s Net Profit Rose 75.2% in First Quarter of 2022

Grinm Advanced Materials Co.,Ltd. (有研新材料股份有限公司) (600206.SH) reported a net profit of 110.6 million yuan in the first quarter of 2022, up 75.2% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, up 7.3% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 26.7%.