Xj Electric Co.,Ltd.’s Net Profit Rose 34.5% in First Quarter of 2022

Xj Electric Co.,Ltd. (许继电气股份有限公司) (000400.SZ) reported a net profit of 129.2 million yuan in the first quarter of 2022, up 34.5% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 36% year-on-year.

At the end of the reporting period, it had 17.3 billion yuan in total assets and 7 billion yuan in total liabilities, with a liability-to-asset ratio of 40.6%.