Shanghai Zhenhua Heavy Industries Co.,Ltd.’s Net Profit Rose 82.5% in First Half of 2022

Shanghai Zhenhua Heavy Industries Co.,Ltd. (上海振华重工(集团)股份有限公司) (600320.SH) reported a net profit of 158.2 million yuan in the first half of 2022, up 82.5% year-on-year.

Meanwhile, the company posted 12.5 billion yuan in revenue, up 22.2% year-on-year.

At the end of the reporting period, it had 78.7 billion yuan in total assets and 61.1 billion yuan in total liabilities, with a liability-to-asset ratio of 77.6%.