Hunan Zhongke Electric Co.,Ltd.’s Net Profit Rose 91.2% in First Quarter of 2022

Hunan Zhongke Electric Co.,Ltd. (湖南中科电气股份有限公司) (300035.SZ) reported a net profit of 128.9 million yuan in the first quarter of 2022, up 91.2% year-on-year.

Meanwhile, the company posted 858 million yuan in revenue, up 161.6% year-on-year.

At the end of the reporting period, it had 9.3 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 49%.