Xinxing Ductile Iron Pipes Co.,Ltd.’s Net Profit Dropped 19.1% in First Half of 2022

Xinxing Ductile Iron Pipes Co.,Ltd. (新兴铸管股份有限公司) (000778.SZ) reported a net profit of 1.2 billion yuan in the first half of 2022, down 19.1% year-on-year.

Meanwhile, the company posted 27 billion yuan in revenue, down 5.8% year-on-year.

At the end of the reporting period, it had 55.8 billion yuan in total assets and 28.8 billion yuan in total liabilities, with a liability-to-asset ratio of 51.6%.