Xiangtan Electric Manufacturing Co.,Ltd.’s Net Profit Rose 33.9% in First Quarter of 2022

Xiangtan Electric Manufacturing Co.,Ltd. (湘潭电机股份有限公司) (600416.SH) reported a net profit of 61.7 million yuan in the first quarter of 2022, up 33.9% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 10.3% year-on-year.

At the end of the reporting period, it had 12.8 billion yuan in total assets and 8.2 billion yuan in total liabilities, with a liability-to-asset ratio of 63.9%.