Ningbo Water Meter Co.,Ltd.’s Net Profit Dropped 65.5% in First Half of 2022

Ningbo Water Meter Co.,Ltd. (宁波水表(集团)股份有限公司) (603700.SH) reported a net profit of 40.4 million yuan in the first half of 2022, down 65.5% year-on-year.

Meanwhile, the company posted 669.7 million yuan in revenue, down 9.5% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 588.5 million yuan in total liabilities, with a liability-to-asset ratio of 28.5%.