North Industries Group Red Arrow Co.,Ltd.’s Net Profit Rose 191% in First Quarter of 2022

North Industries Group Red Arrow Co.,Ltd. (中兵红箭股份有限公司) (000519.SZ) reported a net profit of 281.5 million yuan in the first quarter of 2022, up 191% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 1.2% year-on-year.

At the end of the reporting period, it had 13.8 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 32.8%.