Hubei Shuanghuan Science And Technologystock Co.,Ltd. Posted 514.8 Million Yuan Net Profit in First Half of 2022

Hubei Shuanghuan Science And Technologystock Co.,Ltd. (湖北双环科技股份有限公司) (000707.SZ) reported a net profit of 514.8 million yuan in the first half of 2022, reversing a net loss of 25.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 110.1% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 59.2%.