Western Superconducting Technologies Co.,Ltd.’s Net Profit Rose 47% in 2022

Western Superconducting Technologies Co.,Ltd. (西部超导材料科技股份有限公司) (688122.SH) reported a net profit of 1.1 billion yuan in 2022, up 47% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 44.4% year-on-year.

At the end of the reporting period, it had 11.3 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 43.7%.