Zoomlion Heavy Industry Science And Technology Co.,Ltd.’s Net Profit Dropped 61.4% in First Quarter of 2022

Zoomlion Heavy Industry Science And Technology Co.,Ltd. (中联重科股份有限公司) (000157.SZ) reported a net profit of 936.1 million yuan in the first quarter of 2022, down 61.4% year-on-year.

Meanwhile, the company posted 10 billion yuan in revenue, down 47.4% year-on-year.

At the end of the reporting period, it had 130.6 billion yuan in total assets and 71 billion yuan in total liabilities, with a liability-to-asset ratio of 54.3%.