Shanghai Shibei Hi-Tech Co.,Ltd. Posted 84 Million Yuan Net Profit in First Quarter of 2022

Shanghai Shibei Hi-Tech Co.,Ltd. (上海市北高新股份有限公司) (600604.SH) reported a net profit of 84 million yuan in the first quarter of 2022, reversing a net loss of 61.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 458.7 million yuan in revenue, up 282.7% year-on-year.

At the end of the reporting period, it had 20.8 billion yuan in total assets and 12.3 billion yuan in total liabilities, with a liability-to-asset ratio of 59%.