Zhejiang Jiaxin Silk Co.,Ltd. Posted 30 Million Yuan Net Profit in First Quarter of 2022

Zhejiang Jiaxin Silk Co.,Ltd. (浙江嘉欣丝绸股份有限公司) (002404.SZ) reported a net profit of 30 million yuan in the first quarter of 2022, reversing a net loss of 5.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 41.8% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 49%.