Hefei Metalforming Intelligent Manufacturing Co.,Ltd.’s Net Profit Rose 146.7% in First Quarter of 2022

Hefei Metalforming Intelligent Manufacturing Co.,Ltd. (合肥合锻智能制造股份有限公司) (603011.SH) reported a net profit of 25.4 million yuan in the first quarter of 2022, up 146.7% year-on-year.

Meanwhile, the company posted 320.1 million yuan in revenue, up 83.4% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 39.8%.