Ningbo Boway Alloy Material Co.,Ltd.’s Net Profit Rose 15.5% in First Quarter of 2022

Ningbo Boway Alloy Material Co.,Ltd. (宁波博威合金材料股份有限公司) (601137.SH) reported a net profit of 135.8 million yuan in the first quarter of 2022, up 15.5% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, up 58.4% year-on-year.

At the end of the reporting period, it had 12.4 billion yuan in total assets and 6.9 billion yuan in total liabilities, with a liability-to-asset ratio of 55.3%.