Zhejiang Kaier New Materials Co.,Ltd. Posted 9.8 Million Yuan Net Profit in First Quarter of 2022

Zhejiang Kaier New Materials Co.,Ltd. (浙江开尔新材料股份有限公司) (300234.SZ) reported a net profit of 9.8 million yuan in the first quarter of 2022, reversing a net loss of 12.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 89.4 million yuan in revenue, up 78.7% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 366.1 million yuan in total liabilities, with a liability-to-asset ratio of 26.8%.