Shunfa Hengye Corporation’s Net Profit Rose 57.5% in First Quarter of 2022

Shunfa Hengye Corporation (顺发恒业股份公司) (000631.SZ) reported a net profit of 44 million yuan in the first quarter of 2022, up 57.5% year-on-year.

Meanwhile, the company posted 69.2 million yuan in revenue, up 16.3% year-on-year.

At the end of the reporting period, it had 9.5 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 33.1%.