Lanzhou Ls Heavy Equipment Co.,Ltd.’s Net Profit Rose 37% in 2022

Lanzhou Ls Heavy Equipment Co.,Ltd. (兰州兰石重型装备股份有限公司) (603169.SH) reported a net profit of 182.5 million yuan in 2022, up 37% year-on-year.

Meanwhile, the company posted 5 billion yuan in revenue, up 23.4% year-on-year.

At the end of the reporting period, it had 11.7 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 71.4%.