Gree Electric Appliances,Inc.Of Zhuhai’s Net Profit Rose 3.8% in First Quarter of 2022

Gree Electric Appliances,Inc.Of Zhuhai (珠海格力电器股份有限公司) (000651.SZ) reported a net profit of 3.6 billion yuan in the first quarter of 2022, up 3.8% year-on-year.

Meanwhile, the company posted 35.3 billion yuan in revenue, up 6% year-on-year.

At the end of the reporting period, it had 333.7 billion yuan in total assets and 232.7 billion yuan in total liabilities, with a liability-to-asset ratio of 69.7%.