Tongwei Co.,Ltd.’s Net Profit Rose 552% in First Quarter of 2022

Tongwei Co.,Ltd. (通威股份有限公司) (600438.SH) reported a net profit of 5.8 billion yuan in the first quarter of 2022, up 552% year-on-year.

Meanwhile, the company posted 24.7 billion yuan in revenue, up 132.5% year-on-year.

At the end of the reporting period, it had 103.9 billion yuan in total assets and 54.3 billion yuan in total liabilities, with a liability-to-asset ratio of 52.3%.