Hangzhou Youngsun Intelligent Equipment Co.,Ltd.’s Net Profit Rose 11.6% in First Quarter of 2022

Hangzhou Youngsun Intelligent Equipment Co.,Ltd. (杭州永创智能设备股份有限公司) (603901.SH) reported a net profit of 55.3 million yuan in the first quarter of 2022, up 11.6% year-on-year.

Meanwhile, the company posted 637.7 million yuan in revenue, up 25.2% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 53.1%.