Xiangtan Electric Manufacturing Co.,Ltd.’s Net Profit Rose 110.9% in First Three Quarters of 2022

Xiangtan Electric Manufacturing Co.,Ltd. (湘潭电机股份有限公司) (600416.SH) reported a net profit of 229.5 million yuan in the first three quarters of 2022, up 110.9% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 14.5% year-on-year.

At the end of the reporting period, it had 12.8 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 62.7%.