Zhenjiang Dongfang Electric Heating Technology Co.,Ltd.’s Net Profit Rose 128.2% in First Quarter of 2022

Zhenjiang Dongfang Electric Heating Technology Co.,Ltd. (镇江东方电热科技股份有限公司) (300217.SZ) reported a net profit of 57.2 million yuan in the first quarter of 2022, up 128.2% year-on-year.

Meanwhile, the company posted 745.7 million yuan in revenue, up 20.5% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 50.5%.