Yuan Cheng Cable Co.,Ltd.’s Net Profit Rose 2561.2% in First Quarter of 2022

Yuan Cheng Cable Co.,Ltd. (远程电缆股份有限公司) (002692.SZ) reported a net profit of 16 million yuan in the first quarter of 2022, up 2561.2% year-on-year.

Meanwhile, the company posted 532.7 million yuan in revenue, down 12.2% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 58.3%.