Jiangsu Rainbow Heavy Industries Co.,Ltd.’s Net Profit Dropped 33.1% in First Three Quarters of 2022

Jiangsu Rainbow Heavy Industries Co.,Ltd. (江苏润邦重工股份有限公司) (002483.SZ) reported a net profit of 184.9 million yuan in the first three quarters of 2022, down 33.1% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, up 1.2% year-on-year.

At the end of the reporting period, it had 11.1 billion yuan in total assets and 6.7 billion yuan in total liabilities, with a liability-to-asset ratio of 59.8%.