Ningbo Haitian Precision Machinery Co.,Ltd.’s Net Profit Rose 40.3% in 2022

Ningbo Haitian Precision Machinery Co.,Ltd. (宁波海天精工股份有限公司) (601882.SH) reported a net profit of 520.6 million yuan in 2022, up 40.3% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 16.4% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 56.1%.