Baoding Tianwei Baobian Electric Co.,Ltd.’s Net Profit Dropped 45.1% in First Three Quarters of 2022

Baoding Tianwei Baobian Electric Co.,Ltd. (保定天威保变电气股份有限公司) (600550.SH) reported a net profit of 10.7 million yuan in the first three quarters of 2022, down 45.1% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 22.8% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 85.4%.