Zhejiang Dibay Electric Co.,Ltd.’s Net Profit Dropped 32.6% in First Quarter of 2022

Zhejiang Dibay Electric Co.,Ltd. (浙江迪贝电气股份有限公司) (603320.SH) reported a net profit of 12.1 million yuan in the first quarter of 2022, down 32.6% year-on-year.

Meanwhile, the company posted 274.1 million yuan in revenue, up 12.4% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 471.8 million yuan in total liabilities, with a liability-to-asset ratio of 37.2%.