Ningbo Haitian Precision Machinery Co.,Ltd.’s Net Profit Rose 61% in First Half of 2022

Ningbo Haitian Precision Machinery Co.,Ltd. (宁波海天精工股份有限公司) (601882.SH) reported a net profit of 255.7 million yuan in the first half of 2022, up 61% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 19.5% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 59.4%.