Wolong Electric Group Co.,Ltd.’s Net Profit Rose 18.8% in First Half of 2022

Wolong Electric Group Co.,Ltd. (卧龙电气驱动集团股份有限公司) (600580.SH) reported a net profit of 529.7 million yuan in the first half of 2022, up 18.8% year-on-year.

Meanwhile, the company posted 7.2 billion yuan in revenue, up 6.6% year-on-year.

At the end of the reporting period, it had 23.4 billion yuan in total assets and 13.5 billion yuan in total liabilities, with a liability-to-asset ratio of 57.8%.