Citic Heavy Industries Co.,Ltd.’s Net Profit Rose 16.6% in First Quarter of 2022

Citic Heavy Industries Co.,Ltd. (中信重工机械股份有限公司) (601608.SH) reported a net profit of 79 million yuan in the first quarter of 2022, up 16.6% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 14.9% year-on-year.

At the end of the reporting period, it had 19.7 billion yuan in total assets and 11.9 billion yuan in total liabilities, with a liability-to-asset ratio of 60.4%.