Anhui Quanchai Engine Co.,Ltd.’s Net Profit Dropped 41.4% in First Quarter of 2022

Anhui Quanchai Engine Co.,Ltd. (安徽全柴动力股份有限公司) (600218.SH) reported a net profit of 33.7 million yuan in the first quarter of 2022, down 41.4% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 29.4% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 50.5%.