Zhuzhou Crrc Times Electric Co.,Ltd.’s Net Profit Rose 30.1% in First Quarter of 2022

Zhuzhou Crrc Times Electric Co.,Ltd. (株洲中车时代电气股份有限公司) (688187.SH) reported a net profit of 343 million yuan in the first quarter of 2022, up 30.1% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 22.3% year-on-year.

At the end of the reporting period, it had 44.9 billion yuan in total assets and 11.2 billion yuan in total liabilities, with a liability-to-asset ratio of 25%.