Sumec Corporation Limited’s Net Profit Rose 4.9% in First Quarter of 2022

Sumec Corporation Limited (苏美达股份有限公司) (600710.SH) reported a net profit of 550.5 million yuan in the first quarter of 2022, up 4.9% year-on-year.

Meanwhile, the company posted 30.7 billion yuan in revenue, down 7% year-on-year.

At the end of the reporting period, it had 59 billion yuan in total assets and 46.4 billion yuan in total liabilities, with a liability-to-asset ratio of 78.6%.