Ningbo Orient Wires&Cables Co.,Ltd.’s Net Profit Dropped 29.1% in 2022

Ningbo Orient Wires&Cables Co.,Ltd. (宁波东方电缆股份有限公司) (603606.SH) reported a net profit of 842.4 million yuan in 2022, down 29.1% year-on-year.

Meanwhile, the company posted 7 billion yuan in revenue, down 11.6% year-on-year.

At the end of the reporting period, it had 9.2 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 40.2%.