Sany Heavy Industry Co.,Ltd.’s Net Profit Dropped 71.1% in First Three Quarters of 2022

Sany Heavy Industry Co.,Ltd. (三一重工股份有限公司) (600031.SH) reported a net profit of 3.7 billion yuan in the first three quarters of 2022, down 71.1% year-on-year.

Meanwhile, the company posted 58.6 billion yuan in revenue, down 33% year-on-year.

At the end of the reporting period, it had 154.4 billion yuan in total assets and 88.4 billion yuan in total liabilities, with a liability-to-asset ratio of 57.3%.