Ningbo Kangqiang Electronics Co.,Ltd.’s Net Profit Rose 32.7% in First Quarter of 2022

Ningbo Kangqiang Electronics Co.,Ltd. (宁波康强电子股份有限公司) (002119.SZ) reported a net profit of 30.1 million yuan in the first quarter of 2022, up 32.7% year-on-year.

Meanwhile, the company posted 441.4 million yuan in revenue, down 6.9% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 899.4 million yuan in total liabilities, with a liability-to-asset ratio of 43.4%.