Jiangsu Hengli Hydraulic Co.,Ltd.’s Net Profit Dropped 32.5% in First Quarter of 2022

Jiangsu Hengli Hydraulic Co.,Ltd. (江苏恒立液压股份有限公司) (601100.SH) reported a net profit of 529 million yuan in the first quarter of 2022, down 32.5% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 23% year-on-year.

At the end of the reporting period, it had 12.8 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 23.5%.