Chongqing Zongshen Power Machinery Co.,Ltd.’s Net Profit Rose 2.1% in First Three Quarters of 2022

Chongqing Zongshen Power Machinery Co.,Ltd. (重庆宗申动力机械股份有限公司) (001696.SZ) reported a net profit of 411.5 million yuan in the first three quarters of 2022, up 2.1% year-on-year.

Meanwhile, the company posted 6.3 billion yuan in revenue, down 8.5% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 41.4%.