Linzhou Heavy Machinery Group.,Ltd. Posted 1.6 Million Yuan Net Profit in First Quarter of 2022

Linzhou Heavy Machinery Group.,Ltd. (林州重机集团股份有限公司) (002535.SZ) reported a net profit of 1.6 million yuan in the first quarter of 2022, reversing a net loss of 26.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 205.8 million yuan in revenue, up 74.8% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 89.8%.