Wanxiang Doneed Co.,Ltd.’s Net Profit Rose 218% in First Quarter of 2022

Wanxiang Doneed Co.,Ltd. (万向德农股份有限公司) (600371.SH) reported a net profit of 46.5 million yuan in the first quarter of 2022, up 218% year-on-year.

Meanwhile, the company posted 74.1 million yuan in revenue, up 1.4% year-on-year.

At the end of the reporting period, it had 802 million yuan in total assets and 172.2 million yuan in total liabilities, with a liability-to-asset ratio of 21.5%.