Wuxi Hongsheng Heat Exchanger Manufacturing Co.,Ltd.’s Net Profit Dropped 1.2% in First Quarter of 2022

Wuxi Hongsheng Heat Exchanger Manufacturing Co.,Ltd. (无锡宏盛换热器制造股份有限公司) (603090.SH) reported a net profit of 3 million yuan in the first quarter of 2022, down 1.2% year-on-year.

Meanwhile, the company posted 153.5 million yuan in revenue, up 52.2% year-on-year.

At the end of the reporting period, it had 772.5 million yuan in total assets and 243.2 million yuan in total liabilities, with a liability-to-asset ratio of 31.5%.