Lingyun Industrial Corporation Limited’s Net Profit Rose 1% in First Quarter of 2022

Lingyun Industrial Corporation Limited (凌云工业股份有限公司) (600480.SH) reported a net profit of 175.8 million yuan in the first quarter of 2022, up 1% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 6% year-on-year.

At the end of the reporting period, it had 18.6 billion yuan in total assets and 10.4 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.