Citic Heavy Industries Co.,Ltd.’s Net Profit Dropped 25.7% in 2022

Citic Heavy Industries Co.,Ltd. (中信重工机械股份有限公司) (601608.SH) reported a net profit of 165.3 million yuan in 2022, down 25.7% year-on-year.

Meanwhile, the company posted 8.8 billion yuan in revenue, up 16.9% year-on-year.

At the end of the reporting period, it had 19.5 billion yuan in total assets and 11.7 billion yuan in total liabilities, with a liability-to-asset ratio of 59.8%.