Hangzhou Zhongheng Electric Co.,Ltd.’s Net Profit Dropped 76% in First Half of 2022

Hangzhou Zhongheng Electric Co.,Ltd. (杭州中恒电气股份有限公司) (002364.SZ) reported a net profit of 9.1 million yuan in the first half of 2022, down 76% year-on-year.

Meanwhile, the company posted 622.4 million yuan in revenue, down 5.7% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 31.3%.