Jiangyin Hengrun Heavy Industries Co.,Ltd.’s Net Profit Dropped 83.2% in First Three Quarters of 2022

Jiangyin Hengrun Heavy Industries Co.,Ltd. (江阴市恒润重工股份有限公司) (603985.SH) reported a net profit of 56.6 million yuan in the first three quarters of 2022, down 83.2% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 21.6% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 755.7 million yuan in total liabilities, with a liability-to-asset ratio of 18.4%.