Ningbo Water Meter Co.,Ltd.’s Net Profit Dropped 61.1% in First Three Quarters of 2022

Ningbo Water Meter Co.,Ltd. (宁波水表(集团)股份有限公司) (603700.SH) reported a net profit of 63.8 million yuan in the first three quarters of 2022, down 61.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 10.9% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 739.1 million yuan in total liabilities, with a liability-to-asset ratio of 33.4%.