Power Hf Co.,Ltd.’s Net Profit Dropped 61.7% in First Quarter of 2022

Power Hf Co.,Ltd. (华丰动力股份有限公司) (605100.SH) reported a net profit of 22.3 million yuan in the first quarter of 2022, down 61.7% year-on-year.

Meanwhile, the company posted 240.7 million yuan in revenue, down 49.6% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 426 million yuan in total liabilities, with a liability-to-asset ratio of 18.7%.