Shanghai Zhenhua Heavy Industries Co.,Ltd.’s Net Profit Rose 24.4% in First Three Quarters of 2022

Shanghai Zhenhua Heavy Industries Co.,Ltd. (上海振华重工(集团)股份有限公司) (600320.SH) reported a net profit of 225.7 million yuan in the first three quarters of 2022, up 24.4% year-on-year.

Meanwhile, the company posted 19 billion yuan in revenue, up 18.7% year-on-year.

At the end of the reporting period, it had 81.4 billion yuan in total assets and 63.2 billion yuan in total liabilities, with a liability-to-asset ratio of 77.7%.