Apr 28, 2022 08:00 AM

Shanghai Xintonglian Packinf Co.,Ltd.’s Net Profit Rose 88.6% in First Quarter of 2022

By Caixin Automation

Shanghai Xintonglian Packinf Co.,Ltd. (上海新通联包装股份有限公司) (603022.SH) reported a net profit of 8 million yuan in the first quarter of 2022, up 88.6% year-on-year.

Meanwhile, the company posted 173 million yuan in revenue, up 8% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 604.6 million yuan in total liabilities, with a liability-to-asset ratio of 46.5%.

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