Zhejiang Zhongcheng Packing Material Co.,Ltd.’s Net Profit Rose 56.1% in First Quarter of 2022

Zhejiang Zhongcheng Packing Material Co.,Ltd. (浙江众成包装材料股份有限公司) (002522.SZ) reported a net profit of 49.1 million yuan in the first quarter of 2022, up 56.1% year-on-year.

Meanwhile, the company posted 458.3 million yuan in revenue, up 20.5% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 41.2%.