Guangxi Liugong Machinery Co.,Ltd.’s Net Profit Dropped 45.3% in First Half of 2022

Guangxi Liugong Machinery Co.,Ltd. (广西柳工机械股份有限公司) (000528.SZ) reported a net profit of 498.8 million yuan in the first half of 2022, down 45.3% year-on-year.

Meanwhile, the company posted 13.8 billion yuan in revenue, down 18% year-on-year.

At the end of the reporting period, it had 43.6 billion yuan in total assets and 26.7 billion yuan in total liabilities, with a liability-to-asset ratio of 61.2%.