Wolong Electric Group Co.,Ltd.’s Net Profit Rose 17.3% in First Three Quarters of 2022

Wolong Electric Group Co.,Ltd. (卧龙电气驱动集团股份有限公司) (600580.SH) reported a net profit of 843.7 million yuan in the first three quarters of 2022, up 17.3% year-on-year.

Meanwhile, the company posted 11.3 billion yuan in revenue, up 7.4% year-on-year.

At the end of the reporting period, it had 23.4 billion yuan in total assets and 13.4 billion yuan in total liabilities, with a liability-to-asset ratio of 57.1%.