Jiangsu Huahong Technology Stock Co.,Ltd.’s Net Profit Rose 85.4% in First Quarter of 2022

Jiangsu Huahong Technology Stock Co.,Ltd. (江苏华宏科技股份有限公司) (002645.SZ) reported a net profit of 252.8 million yuan in the first quarter of 2022, up 85.4% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 69.5% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 28.2%.