Shanghai Zhenhua Heavy Industries Co.,Ltd.’s Net Profit Rose 78.6% in First Quarter of 2022

Shanghai Zhenhua Heavy Industries Co.,Ltd. (上海振华重工(集团)股份有限公司) (600320.SH) reported a net profit of 58.3 million yuan in the first quarter of 2022, up 78.6% year-on-year.

Meanwhile, the company posted 4.8 billion yuan in revenue, up 12.1% year-on-year.

At the end of the reporting period, it had 79.3 billion yuan in total assets and 61.6 billion yuan in total liabilities, with a liability-to-asset ratio of 77.7%.