Fujian Longking Co.,Ltd.’s Net Profit Rose 23.2% in First Quarter of 2022

Fujian Longking Co.,Ltd. (福建龙净环保股份有限公司) (600388.SH) reported a net profit of 177.3 million yuan in the first quarter of 2022, up 23.2% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 2.1% year-on-year.

At the end of the reporting period, it had 27.2 billion yuan in total assets and 20 billion yuan in total liabilities, with a liability-to-asset ratio of 73.4%.