Greatoo Intelligent Equipment Inc.’s Net Profit Dropped 87.2% in First Three Quarters of 2022

Greatoo Intelligent Equipment Inc. (巨轮智能装备股份有限公司) (002031.SZ) reported a net profit of 6.9 million yuan in the first three quarters of 2022, down 87.2% year-on-year.

Meanwhile, the company posted 746.9 million yuan in revenue, down 54.4% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 45.6%.