Huachangda Intelligent Equipment Group Co.,Ltd. Posted 17.8 Million Yuan Net Profit in First Quarter of 2022

Huachangda Intelligent Equipment Group Co.,Ltd. (华昌达智能装备集团股份有限公司) (300278.SZ) reported a net profit of 17.8 million yuan in the first quarter of 2022, reversing a net loss of 64 million yuan for the same period in the previous year.

Meanwhile, the company posted 829.2 million yuan in revenue, up 85.1% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 47.7%.