China Avionics Systems Co.,Ltd.’s Net Profit Rose 43.1% in First Quarter of 2022

China Avionics Systems Co.,Ltd. (中航航空电子系统股份有限公司) (600372.SH) reported a net profit of 207.9 million yuan in the first quarter of 2022, up 43.1% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 19.6% year-on-year.

At the end of the reporting period, it had 25.8 billion yuan in total assets and 13.9 billion yuan in total liabilities, with a liability-to-asset ratio of 53.9%.