Shanghai Taisheng Wind Power Equipment Co.,Ltd.’s Net Profit Dropped 20.8% in First Quarter of 2022

Shanghai Taisheng Wind Power Equipment Co.,Ltd. (上海泰胜风能装备股份有限公司) (300129.SZ) reported a net profit of 60.7 million yuan in the first quarter of 2022, down 20.8% year-on-year.

Meanwhile, the company posted 557.4 million yuan in revenue, up 58% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 50%.