Apr 28, 2022 08:00 AM

Xiangtan Electrochemical Scientific Co.,Ltd.’s Net Profit Rose 672.9% in First Quarter of 2022

By Caixin Automation

Xiangtan Electrochemical Scientific Co.,Ltd. (湘潭电化科技股份有限公司) (002125.SZ) reported a net profit of 147.9 million yuan in the first quarter of 2022, up 672.9% year-on-year.

Meanwhile, the company posted 437.3 million yuan in revenue, up 27.7% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 54%.

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