Suzhou Hailu Heavy Industry Co.,Ltd.’s Net Profit Dropped 26.5% in First Quarter of 2022

Suzhou Hailu Heavy Industry Co.,Ltd. (苏州海陆重工股份有限公司) (002255.SZ) reported a net profit of 34.3 million yuan in the first quarter of 2022, down 26.5% year-on-year.

Meanwhile, the company posted 436.3 million yuan in revenue, up 23.6% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 41.2%.