Huzhou Times New Materials Technology Co.,Ltd.’s Net Profit Rose 3.7% in First Quarter of 2022

Huzhou Times New Materials Technology Co.,Ltd. (株洲时代新材料科技股份有限公司) (600458.SH) reported a net profit of 83.5 million yuan in the first quarter of 2022, up 3.7% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, up 0.4% year-on-year.

At the end of the reporting period, it had 16.5 billion yuan in total assets and 11.4 billion yuan in total liabilities, with a liability-to-asset ratio of 69.3%.