Tbea Co.,Ltd.’s Net Profit Rose 86.6% in First Quarter of 2022

Tbea Co.,Ltd. (特变电工股份有限公司) (600089.SH) reported a net profit of 4.3 billion yuan in the first quarter of 2022, up 86.6% year-on-year.

Meanwhile, the company posted 17.1 billion yuan in revenue, up 81.3% year-on-year.

At the end of the reporting period, it had 133.9 billion yuan in total assets and 72.5 billion yuan in total liabilities, with a liability-to-asset ratio of 54.1%.