Shanghai Lonyer Fuels Co.,Ltd.’s Net Profit Rose 43% in First Quarter of 2022

Shanghai Lonyer Fuels Co.,Ltd. (上海龙宇燃油股份有限公司) (603003.SH) reported a net profit of 24.4 million yuan in the first quarter of 2022, up 43% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 33.4% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 627.3 million yuan in total liabilities, with a liability-to-asset ratio of 14.8%.