Baoding Tianwei Baobian Electric Co.,Ltd.’s Net Profit Rose 48.8% in First Half of 2022

Baoding Tianwei Baobian Electric Co.,Ltd. (保定天威保变电气股份有限公司) (600550.SH) reported a net profit of 15.9 million yuan in the first half of 2022, up 48.8% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 16.1% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 85%.