Ningbo Boway Alloy Material Co.,Ltd.’s Net Profit Rose 70.2% in First Half of 2022

Ningbo Boway Alloy Material Co.,Ltd. (宁波博威合金材料股份有限公司) (601137.SH) reported a net profit of 277.2 million yuan in the first half of 2022, up 70.2% year-on-year.

Meanwhile, the company posted 6.6 billion yuan in revenue, up 33.7% year-on-year.

At the end of the reporting period, it had 13.5 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 58%.