Nanjing Red Sun Co.,Ltd.’s Net Profit Rose 1441.9% in First Quarter of 2022

Nanjing Red Sun Co.,Ltd. (南京红太阳股份有限公司) (000525.SZ) reported a net profit of 302.6 million yuan in the first quarter of 2022, up 1441.9% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 77.6% year-on-year.

At the end of the reporting period, it had 9.9 billion yuan in total assets and 8.9 billion yuan in total liabilities, with a liability-to-asset ratio of 90.3%.