Zhejiang Yongtai Technology Co.,Ltd.’s Net Profit Rose 425.2% in First Quarter of 2022

Zhejiang Yongtai Technology Co.,Ltd. (浙江永太科技股份有限公司) (002326.SZ) reported a net profit of 433.5 million yuan in the first quarter of 2022, up 425.2% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 103.7% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 6.5 billion yuan in total liabilities, with a liability-to-asset ratio of 60.9%.