Jiangsu Safety Wire Rope Co.,Ltd.’s Net Profit Dropped 38.5% in First Half of 2022

Jiangsu Safety Wire Rope Co.,Ltd. (江苏赛福天钢索股份有限公司) (603028.SH) reported a net profit of 14.1 million yuan in the first half of 2022, down 38.5% year-on-year.

Meanwhile, the company posted 376.4 million yuan in revenue, down 13.2% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 553 million yuan in total liabilities, with a liability-to-asset ratio of 41.6%.