Xinxing Ductile Iron Pipes Co.,Ltd.’s Net Profit Dropped 23.7% in First Three Quarters of 2022

Xinxing Ductile Iron Pipes Co.,Ltd. (新兴铸管股份有限公司) (000778.SZ) reported a net profit of 1.6 billion yuan in the first three quarters of 2022, down 23.7% year-on-year.

Meanwhile, the company posted 38.5 billion yuan in revenue, down 8.5% year-on-year.

At the end of the reporting period, it had 56.3 billion yuan in total assets and 28.9 billion yuan in total liabilities, with a liability-to-asset ratio of 51.4%.