Chengdu Tangyuan Electric Co.,Ltd.’s Net Profit Dropped 31.5% in First Quarter of 2022

Chengdu Tangyuan Electric Co.,Ltd. (成都唐源电气股份有限公司) (300789.SZ) reported a net profit of 4.2 million yuan in the first quarter of 2022, down 31.5% year-on-year.

Meanwhile, the company posted 55.3 million yuan in revenue, up 11.1% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 244.6 million yuan in total liabilities, with a liability-to-asset ratio of 23.1%.