Apr 30, 2022 08:00 AM

Suwen Electric Energy Technology Co.,Ltd.’s Net Profit Dropped 29.2% in First Quarter of 2022

By Caixin Automation

Suwen Electric Energy Technology Co.,Ltd. (苏文电能科技股份有限公司) (300982.SZ) reported a net profit of 42 million yuan in the first quarter of 2022, down 29.2% year-on-year.

Meanwhile, the company posted 406.7 million yuan in revenue, up 22.1% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 881.5 million yuan in total liabilities, with a liability-to-asset ratio of 37%.

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