Gem Co.,Ltd.’s Net Profit Rose 20.4% in First Quarter of 2022

Gem Co.,Ltd. (格林美股份有限公司) (002340.SZ) reported a net profit of 351.4 million yuan in the first quarter of 2022, up 20.4% year-on-year.

Meanwhile, the company posted 7 billion yuan in revenue, up 86.8% year-on-year.

At the end of the reporting period, it had 38.9 billion yuan in total assets and 22.6 billion yuan in total liabilities, with a liability-to-asset ratio of 58.1%.