Taiyuan Heavy Industry Co.,Ltd.’s Net Profit Rose 90.5% in First Quarter of 2022

Taiyuan Heavy Industry Co.,Ltd. (太原重工股份有限公司) (600169.SH) reported a net profit of 41.7 million yuan in the first quarter of 2022, up 90.5% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 1.3% year-on-year.

At the end of the reporting period, it had 32.2 billion yuan in total assets and 26.3 billion yuan in total liabilities, with a liability-to-asset ratio of 81.8%.