Jiangsu Rainbow Heavy Industries Co.,Ltd.’s Net Profit Dropped 37.5% in First Half of 2022

Jiangsu Rainbow Heavy Industries Co.,Ltd. (江苏润邦重工股份有限公司) (002483.SZ) reported a net profit of 134.3 million yuan in the first half of 2022, down 37.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 11.1% year-on-year.

At the end of the reporting period, it had 11.1 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 59.7%.