Jiangsu Tongda Power Technology Co.,Ltd.’s Net Profit Dropped 48.5% in First Half of 2022

Jiangsu Tongda Power Technology Co.,Ltd. (江苏通达动力科技股份有限公司) (002576.SZ) reported a net profit of 32 million yuan in the first half of 2022, down 48.5% year-on-year.

Meanwhile, the company posted 862.2 million yuan in revenue, down 10.1% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 725 million yuan in total liabilities, with a liability-to-asset ratio of 40.3%.