Zhejiang Qianjiang Motorcycle Co.,Ltd. Posted 31.8 Million Yuan Net Profit in First Quarter of 2022

Zhejiang Qianjiang Motorcycle Co.,Ltd. (浙江钱江摩托股份有限公司) (000913.SZ) reported a net profit of 31.8 million yuan in the first quarter of 2022, reversing a net loss of 5.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 929.6 million yuan in revenue, up 1.5% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 41.7%.