Hangzhou Zhongheng Electric Co.,Ltd.’s Net Profit Dropped 76.3% in First Three Quarters of 2022

Hangzhou Zhongheng Electric Co.,Ltd. (杭州中恒电气股份有限公司) (002364.SZ) reported a net profit of 17.1 million yuan in the first three quarters of 2022, down 76.3% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 5.1% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 893.2 million yuan in total liabilities, with a liability-to-asset ratio of 28%.