Hangzhou Radical Energy Saving Technology Co.,Ltd.’s Net Profit Rose 72.1% in First Quarter of 2022

Hangzhou Radical Energy Saving Technology Co.,Ltd. (杭州雷迪克节能科技股份有限公司) (300652.SZ) reported a net profit of 20.9 million yuan in the first quarter of 2022, up 72.1% year-on-year.

Meanwhile, the company posted 150.5 million yuan in revenue, up 31.9% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 422.8 million yuan in total liabilities, with a liability-to-asset ratio of 29.1%.