Universal Scientific Industrial(Shanghai) Co.,Ltd.’s Net Profit Rose 79.4% in First Quarter of 2022

Universal Scientific Industrial(Shanghai) Co.,Ltd. (环旭电子股份有限公司) (601231.SH) reported a net profit of 438.9 million yuan in the first quarter of 2022, up 79.4% year-on-year.

Meanwhile, the company posted 14 billion yuan in revenue, up 27.6% year-on-year.

At the end of the reporting period, it had 34.9 billion yuan in total assets and 21.5 billion yuan in total liabilities, with a liability-to-asset ratio of 61.6%.