Rianlon Corporation’s Net Profit Rose 36.7% in First Quarter of 2022

Rianlon Corporation (天津利安隆新材料股份有限公司) (300596.SZ) reported a net profit of 125.2 million yuan in the first quarter of 2022, up 36.7% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 23% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 53.6%.