Ningbo Dechang Electrical Machinery Co.,Ltd.’s Net Profit Rose 2.4% in First Quarter of 2022

Ningbo Dechang Electrical Machinery Co.,Ltd. (宁波德昌电机股份有限公司) (605555.SH) reported a net profit of 60.1 million yuan in the first quarter of 2022, up 2.4% year-on-year.

Meanwhile, the company posted 570.2 million yuan in revenue, down 7.4% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 35.6%.