Zhejiang Chint Electrics Co.,Ltd.’s Net Profit Rose 305.1% in First Quarter of 2022

Zhejiang Chint Electrics Co.,Ltd. (浙江正泰电器股份有限公司) (601877.SH) reported a net profit of 685.2 million yuan in the first quarter of 2022, up 305.1% year-on-year.

Meanwhile, the company posted 10.6 billion yuan in revenue, up 54.9% year-on-year.

At the end of the reporting period, it had 92.6 billion yuan in total assets and 57.7 billion yuan in total liabilities, with a liability-to-asset ratio of 62.4%.