Norinco International Cooperation Ltd.’s Net Profit Rose 78.5% in First Quarter of 2022

Norinco International Cooperation Ltd. (北方国际合作股份有限公司) (000065.SZ) reported a net profit of 127.9 million yuan in the first quarter of 2022, up 78.5% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 37.2% year-on-year.

At the end of the reporting period, it had 19.6 billion yuan in total assets and 12.6 billion yuan in total liabilities, with a liability-to-asset ratio of 64.1%.