Crrc Corporation Limited’s Net Profit Dropped 16.1% in First Half of 2022

Crrc Corporation Limited (中国中车股份有限公司) (601766.SH) reported a net profit of 4.1 billion yuan in the first half of 2022, down 16.1% year-on-year.

Meanwhile, the company posted 81.3 billion yuan in revenue, down 14.8% year-on-year.

At the end of the reporting period, it had 446.8 billion yuan in total assets and 266.2 billion yuan in total liabilities, with a liability-to-asset ratio of 59.6%.