Ningxia Western Venture Industrial Co.,Ltd.’s Net Profit Rose 19.9% in First Quarter of 2022

Ningxia Western Venture Industrial Co.,Ltd. (宁夏西部创业实业股份有限公司) (000557.SZ) reported a net profit of 70.9 million yuan in the first quarter of 2022, up 19.9% year-on-year.

Meanwhile, the company posted 475 million yuan in revenue, up 73.4% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 427.3 million yuan in total liabilities, with a liability-to-asset ratio of 7.3%.