Ningbo Lehui International Engineering Equipment Co.,Ltd.’s Net Profit Dropped 50.4% in First Quarter of 2022

Ningbo Lehui International Engineering Equipment Co.,Ltd. (宁波乐惠国际工程装备股份有限公司) (603076.SH) reported a net profit of 18.5 million yuan in the first quarter of 2022, down 50.4% year-on-year.

Meanwhile, the company posted 311.2 million yuan in revenue, up 41% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 57.1%.