Apr 30, 2022 08:00 AM

Zhejiang Narada Power Source Co.,Ltd.’s Net Profit Rose 2394.7% in First Quarter of 2022

By Caixin Automation

Zhejiang Narada Power Source Co.,Ltd. (浙江南都电源动力股份有限公司) (300068.SZ) reported a net profit of 465.5 million yuan in the first quarter of 2022, up 2394.7% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, down 16.2% year-on-year.

At the end of the reporting period, it had 13.5 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 62%.

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