Shandong Mining Machinery Group Co.,Ltd.’s Net Profit Rose 24.5% in First Quarter of 2022

Shandong Mining Machinery Group Co.,Ltd. (山东矿机集团股份有限公司) (002526.SZ) reported a net profit of 39.8 million yuan in the first quarter of 2022, up 24.5% year-on-year.

Meanwhile, the company posted 574.8 million yuan in revenue, up 24.6% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 874.5 million yuan in total liabilities, with a liability-to-asset ratio of 23.6%.