Sany Heavy Industry Co.,Ltd.’s Net Profit Dropped 70.9% in First Quarter of 2022

Sany Heavy Industry Co.,Ltd. (三一重工股份有限公司) (600031.SH) reported a net profit of 1.6 billion yuan in the first quarter of 2022, down 70.9% year-on-year.

Meanwhile, the company posted 20.1 billion yuan in revenue, down 39.5% year-on-year.

At the end of the reporting period, it had 145.6 billion yuan in total assets and 78.9 billion yuan in total liabilities, with a liability-to-asset ratio of 54.2%.