Cofco Tunhe Sugar Co.,Ltd.’s Net Profit Rose 9.3% in First Quarter of 2022

Cofco Tunhe Sugar Co.,Ltd. (中粮糖业控股股份有限公司) (600737.SH) reported a net profit of 242.3 million yuan in the first quarter of 2022, up 9.3% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, up 15.2% year-on-year.

At the end of the reporting period, it had 20.3 billion yuan in total assets and 9.8 billion yuan in total liabilities, with a liability-to-asset ratio of 48.3%.