Swancor Advanced Materials Co.,Ltd. Posted 19.2 Million Yuan Net Profit in First Quarter of 2022

Swancor Advanced Materials Co.,Ltd. (上纬新材料科技股份有限公司) (688585.SH) reported a net profit of 19.2 million yuan in the first quarter of 2022, reversing a net loss of 14.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 488.6 million yuan in revenue, up 13.7% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 794.3 million yuan in total liabilities, with a liability-to-asset ratio of 42.6%.