Zhejiang Narada Power Source Co.,Ltd.’s Net Profit Rose 1598.8% in First Half of 2022

Zhejiang Narada Power Source Co.,Ltd. (浙江南都电源动力股份有限公司) (300068.SZ) reported a net profit of 504.7 million yuan in the first half of 2022, up 1598.8% year-on-year.

Meanwhile, the company posted 5.6 billion yuan in revenue, down 14.6% year-on-year.

At the end of the reporting period, it had 13.9 billion yuan in total assets and 8.7 billion yuan in total liabilities, with a liability-to-asset ratio of 62.8%.