Zhejiang Fenglong Electric Co.,Ltd.’s Net Profit Dropped 37.5% in First Half of 2022

Zhejiang Fenglong Electric Co.,Ltd. (浙江锋龙电气股份有限公司) (002931.SZ) reported a net profit of 34.9 million yuan in the first half of 2022, down 37.5% year-on-year.

Meanwhile, the company posted 338.5 million yuan in revenue, down 5.5% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 573.4 million yuan in total liabilities, with a liability-to-asset ratio of 45.4%.