Jiangsu Shentong Valve Co.,Ltd.’s Net Profit Dropped 16% in First Three Quarters of 2022

Jiangsu Shentong Valve Co.,Ltd. (江苏神通阀门股份有限公司) (002438.SZ) reported a net profit of 179 million yuan in the first three quarters of 2022, down 16% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 3.7% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 47.9%.