Wuxi Longsheng Technology Co.,Ltd.’s Net Profit Rose 31.7% in First Quarter of 2022

Wuxi Longsheng Technology Co.,Ltd. (无锡隆盛科技股份有限公司) (300680.SZ) reported a net profit of 28.8 million yuan in the first quarter of 2022, up 31.7% year-on-year.

Meanwhile, the company posted 286.1 million yuan in revenue, up 42.5% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 894.2 million yuan in total liabilities, with a liability-to-asset ratio of 47.6%.