Jiangsu Tongda Power Technology Co.,Ltd.’s Net Profit Dropped 66% in First Quarter of 2022

Jiangsu Tongda Power Technology Co.,Ltd. (江苏通达动力科技股份有限公司) (002576.SZ) reported a net profit of 9.7 million yuan in the first quarter of 2022, down 66% year-on-year.

Meanwhile, the company posted 446.6 million yuan in revenue, up 6.2% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 853.2 million yuan in total liabilities, with a liability-to-asset ratio of 44.5%.