Hangzhou Gaoxin Rubber&Plastic Materials Co.,Ltd. Posted 1.3 Million Yuan Net Profit in First Quarter of 2022

Hangzhou Gaoxin Rubber&Plastic Materials Co.,Ltd. (杭州高新橡塑材料股份有限公司) (300478.SZ) reported a net profit of 1.3 million yuan in the first quarter of 2022, reversing a net loss of 7.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 67.1 million yuan in revenue, down 3.4% year-on-year.

At the end of the reporting period, it had 375 million yuan in total assets and 291 million yuan in total liabilities, with a liability-to-asset ratio of 77.6%.