Hainan Ruize New Building Meterial Co.,Ltd.’s Net Profit Rose 36.5% in First Quarter of 2022

Hainan Ruize New Building Meterial Co.,Ltd. (海南瑞泽新型建材股份有限公司) (002596.SZ) reported a net profit of 5.3 million yuan in the first quarter of 2022, up 36.5% year-on-year.

Meanwhile, the company posted 474.2 million yuan in revenue, down 16% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 62.9%.