Dongfang Electric Co.,Ltd.’s Net Profit Rose 42.5% in First Quarter of 2022

Dongfang Electric Co.,Ltd. (东方电气股份有限公司) (600875.SH) reported a net profit of 1 billion yuan in the first quarter of 2022, up 42.5% year-on-year.

Meanwhile, the company posted 13.8 billion yuan in revenue, up 29.8% year-on-year.

At the end of the reporting period, it had 103.7 billion yuan in total assets and 67.2 billion yuan in total liabilities, with a liability-to-asset ratio of 64.8%.