Goldcup Electric Apparatus Co.,Ltd.’s Net Profit Rose 27% in First Quarter of 2022

Goldcup Electric Apparatus Co.,Ltd. (金杯电工股份有限公司) (002533.SZ) reported a net profit of 87 million yuan in the first quarter of 2022, up 27% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 15.8% year-on-year.

At the end of the reporting period, it had 7.5 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 47.7%.