Konfoong Materials International Co.,Ltd.’s Net Profit Rose 88.2% in First Quarter of 2022

Konfoong Materials International Co.,Ltd. (宁波江丰电子材料股份有限公司) (300666.SZ) reported a net profit of 29.3 million yuan in the first quarter of 2022, up 88.2% year-on-year.

Meanwhile, the company posted 489.7 million yuan in revenue, up 54.3% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 49.8%.