Xcmg Construction Machinery Co.,Ltd.’s Net Profit Dropped 38.6% in First Half of 2022

Xcmg Construction Machinery Co.,Ltd. (徐工集团工程机械股份有限公司) (000425.SZ) reported a net profit of 2.4 billion yuan in the first half of 2022, down 38.6% year-on-year.

Meanwhile, the company posted 38.2 billion yuan in revenue, down 28.2% year-on-year.

At the end of the reporting period, it had 118.3 billion yuan in total assets and 78.8 billion yuan in total liabilities, with a liability-to-asset ratio of 66.6%.