Zhejiang Dibay Electric Co.,Ltd.’s Net Profit Dropped 48.5% in First Three Quarters of 2022

Zhejiang Dibay Electric Co.,Ltd. (浙江迪贝电气股份有限公司) (603320.SH) reported a net profit of 32.8 million yuan in the first three quarters of 2022, down 48.5% year-on-year.

Meanwhile, the company posted 773.9 million yuan in revenue, down 8.9% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 442.5 million yuan in total liabilities, with a liability-to-asset ratio of 35.8%.