Harbin Electric Corporation Jiamusi Electric Machine Co.,Ltd.’s Net Profit Rose 0.3% in First Quarter of 2022

Harbin Electric Corporation Jiamusi Electric Machine Co.,Ltd. (哈尔滨电气集团佳木斯电机股份有限公司) (000922.SZ) reported a net profit of 75.4 million yuan in the first quarter of 2022, up 0.3% year-on-year.

Meanwhile, the company posted 794.2 million yuan in revenue, up 25.8% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 47.8%.