Crrc Corporation Limited’s Net Profit Rose 15.6% in 2022

Crrc Corporation Limited (中国中车股份有限公司) (601766.SH) reported a net profit of 14.4 billion yuan in 2022, up 15.6% year-on-year.

Meanwhile, the company posted 222.9 billion yuan in revenue, down 1.2% year-on-year.

At the end of the reporting period, it had 442.1 billion yuan in total assets and 251.2 billion yuan in total liabilities, with a liability-to-asset ratio of 56.8%.