Xcmg Construction Machinery Co.,Ltd.’s Net Profit Dropped 30.7% in First Three Quarters 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 4.7 billion yuan in the first three quarters of 2022, down 30.7% year-on-year.

Meanwhile, the company posted 75.1 billion yuan in revenue, down 19.8% year-on-year.

At the end of the reporting period, it had 173.2 billion yuan in total assets and 119.6 billion yuan in total liabilities, with a liability-to-asset ratio of 69.1%.