Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd.’s Net Profit Rose 3.1% in First Quarter of 2022

Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd. (广东新宝电器股份有限公司) (002705.SZ) reported a net profit of 186.7 million yuan in the first quarter of 2022, up 3.1% year-on-year.

Meanwhile, the company posted 3.6 billion yuan in revenue, up 13.5% year-on-year.

At the end of the reporting period, it had 12.4 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 48.7%.