Baoding Tianwei Baobian Electric Co.,Ltd.’s Net Profit Rose 101.1% in First Quarter of 2022

Baoding Tianwei Baobian Electric Co.,Ltd. (保定天威保变电气股份有限公司) (600550.SH) reported a net profit of 14.2 million yuan in the first quarter of 2022, up 101.1% year-on-year.

Meanwhile, the company posted 669.3 million yuan in revenue, up 2.8% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 84.6%.