Shantui Construction Machinery Co.,Ltd.’s Net Profit Rose 338% in First Quarter of 2022

Shantui Construction Machinery Co.,Ltd. (山推工程机械股份有限公司) (000680.SZ) reported a net profit of 366.7 million yuan in the first quarter of 2022, up 338% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 12.2% year-on-year.

At the end of the reporting period, it had 10.8 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 54.5%.