Sunward Intelligent Equipment Co.,Ltd.’s Net Profit Dropped 94.8% in First Half of 2022

Sunward Intelligent Equipment Co.,Ltd. (山河智能装备股份有限公司) (002097.SZ) reported a net profit of 27.4 million yuan in the first half of 2022, down 94.8% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 46.1% year-on-year.

At the end of the reporting period, it had 21.6 billion yuan in total assets and 15.7 billion yuan in total liabilities, with a liability-to-asset ratio of 72.8%.