Freewon China Co.,Ltd.’s Net Profit Rose 49.7% in First Quarter of 2022

Freewon China Co.,Ltd. (福立旺精密机电(中国)股份有限公司) (688678.SH) reported a net profit of 38.8 million yuan in the first quarter of 2022, up 49.7% year-on-year.

Meanwhile, the company posted 212.5 million yuan in revenue, up 35.7% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 435 million yuan in total liabilities, with a liability-to-asset ratio of 23.2%.