Linzhou Heavy Machinery Group.,Ltd. Posted 2 Million Yuan Net Profit in First Half of 2022

Linzhou Heavy Machinery Group.,Ltd. (林州重机集团股份有限公司) (002535.SZ) reported a net profit of 2 million yuan in the first half of 2022, reversing a net loss of 87.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 426.9 million yuan in revenue, up 83.5% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 89.9%.