Zhejiang Shuanghuan Driveline Co.,Ltd.’s Net Profit Rose 80.1% in First Half of 2022

Zhejiang Shuanghuan Driveline Co.,Ltd. (浙江双环传动机械股份有限公司) (002472.SZ) reported a net profit of 259.6 million yuan in the first half of 2022, up 80.1% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 18.3% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 52%.