Hubei Huitian New Materials Co.,Ltd.’s Net Profit Rose 16.3% in First Quarter of 2022

Hubei Huitian New Materials Co.,Ltd. (湖北回天新材料股份有限公司) (300041.SZ) reported a net profit of 88.6 million yuan in the first quarter of 2022, up 16.3% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 33.1% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 49.4%.