Ningbo Dechang Electrical Machinery Co.,Ltd.’s Net Profit Rose 7.1% in First Half of 2022

Ningbo Dechang Electrical Machinery Co.,Ltd. (宁波德昌电机股份有限公司) (605555.SH) reported a net profit of 167.9 million yuan in the first half of 2022, up 7.1% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 18.3% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 34.8%.