China National Electric Apparatus Research Institute Co.,Ltd.’s Net Profit Rose 0.6% in First Quarter of 2022

China National Electric Apparatus Research Institute Co.,Ltd. (中国电器科学研究院股份有限公司) (688128.SH) reported a net profit of 47.1 million yuan in the first quarter of 2022, up 0.6% year-on-year.

Meanwhile, the company posted 739.8 million yuan in revenue, up 26.6% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 48.9%.