Western Superconducting Technologies Co.,Ltd.’s Net Profit Rose 68.1% in First Quarter of 2022

Western Superconducting Technologies Co.,Ltd. (西部超导材料科技股份有限公司) (688122.SH) reported a net profit of 212.7 million yuan in the first quarter of 2022, up 68.1% year-on-year.

Meanwhile, the company posted 887.5 million yuan in revenue, up 66.5% year-on-year.

At the end of the reporting period, it had 9.1 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 37.7%.