Kingclean Electric Co.,Ltd.’s Net Profit Rose 10.5% in First Quarter of 2022

Kingclean Electric Co.,Ltd. (莱克电气股份有限公司) (603355.SH) reported a net profit of 211.2 million yuan in the first quarter of 2022, up 10.5% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 16.8% year-on-year.

At the end of the reporting period, it had 9.4 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.