Jihua Group Corporation Limited’s Net Profit Rose 750% in First Quarter of 2022

Jihua Group Corporation Limited (际华集团股份有限公司) (601718.SH) reported a net profit of 104.8 million yuan in the first quarter of 2022, up 750% year-on-year.

Meanwhile, the company posted 4.1 billion yuan in revenue, up 22.7% year-on-year.

At the end of the reporting period, it had 29.6 billion yuan in total assets and 12.7 billion yuan in total liabilities, with a liability-to-asset ratio of 42.7%.