Sichuan Changhong Electric Co.,Ltd.’s Net Profit Rose 51.4% in First Quarter of 2022

Sichuan Changhong Electric Co.,Ltd. (四川长虹电器股份有限公司) (600839.SH) reported a net profit of 129.2 million yuan in the first quarter of 2022, up 51.4% year-on-year.

Meanwhile, the company posted 20.1 billion yuan in revenue, down 15.7% year-on-year.

At the end of the reporting period, it had 78.1 billion yuan in total assets and 56.3 billion yuan in total liabilities, with a liability-to-asset ratio of 72%.