Hubei Shuanghuan Science And Technologystock Co.,Ltd. Posted 192.4 Million Yuan Net Profit in First Quarter of 2022

Hubei Shuanghuan Science And Technologystock Co.,Ltd. (湖北双环科技股份有限公司) (000707.SZ) reported a net profit of 192.4 million yuan in the first quarter of 2022, reversing a net loss of 38.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, up 100.2% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 67.9%.