Qingdao East Steel Tower Stock Co.,Ltd.’s Net Profit Rose 326.5% in First Quarter of 2022

Qingdao East Steel Tower Stock Co.,Ltd. (青岛东方铁塔股份有限公司) (002545.SZ) reported a net profit of 200.5 million yuan in the first quarter of 2022, up 326.5% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 92.7% year-on-year.

At the end of the reporting period, it had 12.2 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 33.2%.