Guangxi Liugong Machinery Co.,Ltd.’s Net Profit Dropped 41.2% in First Three Quarters of 2022

Guangxi Liugong Machinery Co.,Ltd. (广西柳工机械股份有限公司) (000528.SZ) reported a net profit of 609.5 million yuan in the first three quarters of 2022, down 41.2% year-on-year.

Meanwhile, the company posted 20 billion yuan in revenue, down 11.4% year-on-year.

At the end of the reporting period, it had 43.1 billion yuan in total assets and 26 billion yuan in total liabilities, with a liability-to-asset ratio of 60.3%.