Zhejiang Kingland Pipeline And Technologies Co.,Ltd.’s Net Profit Dropped 35.1% in First Quarter of 2022

Zhejiang Kingland Pipeline And Technologies Co.,Ltd. (浙江金洲管道科技股份有限公司) (002443.SZ) reported a net profit of 53.9 million yuan in the first quarter of 2022, down 35.1% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 11.7% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 25.9%.