Zhejiang Dibay Electric Co.,Ltd.’s Net Profit Dropped 52.8% in First Half of 2022

Zhejiang Dibay Electric Co.,Ltd. (浙江迪贝电气股份有限公司) (603320.SH) reported a net profit of 23.4 million yuan in the first half of 2022, down 52.8% year-on-year.

Meanwhile, the company posted 531.6 million yuan in revenue, down 5.2% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 465.5 million yuan in total liabilities, with a liability-to-asset ratio of 37.3%.