Qingdao Huijintong Power Equipment Co.,Ltd.’s Net Profit Dropped 42.3% in 2022

Qingdao Huijintong Power Equipment Co.,Ltd. (青岛汇金通电力设备股份有限公司) (603577.SH) reported a net profit of 42.2 million yuan in 2022, down 42.3% year-on-year.

Meanwhile, the company posted 3.6 billion yuan in revenue, up 12.3% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 69.8%.