Shanghai Liangxin Electrical Co.,Ltd.’s Net Profit Rose 12.7% in First Quarter of 2022

Shanghai Liangxin Electrical Co.,Ltd. (上海良信电器股份有限公司) (002706.SZ) reported a net profit of 72.2 million yuan in the first quarter of 2022, up 12.7% year-on-year.

Meanwhile, the company posted 801.4 million yuan in revenue, up 11.6% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 43.7%.