Zhongshan Broad-Ocean Motor Co.,Ltd.’s Net Profit Rose 15.4% in First Quarter of 2022

Zhongshan Broad-Ocean Motor Co.,Ltd. (中山大洋电机股份有限公司) (002249.SZ) reported a net profit of 151.7 million yuan in the first quarter of 2022, up 15.4% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 21.5% year-on-year.

At the end of the reporting period, it had 15.7 billion yuan in total assets and 7.3 billion yuan in total liabilities, with a liability-to-asset ratio of 46.7%.