Linzhou Heavy Machinery Group.,Ltd. Posted 9.8 Million Yuan Net Profit in First Three Quarters of 2022

Linzhou Heavy Machinery Group.,Ltd. (林州重机集团股份有限公司) (002535.SZ) reported a net profit of 9.8 million yuan in the first three quarters of 2022, reversing a net loss of 144.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 712 million yuan in revenue, up 105.8% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 90%.