Shanghai Zhenhua Heavy Industries Co.,Ltd.’s Net Profit Rose 13.1% in 2022

Shanghai Zhenhua Heavy Industries Co.,Ltd. (上海振华重工(集团)股份有限公司) (600320.SH) reported a net profit of 597.6 million yuan in 2022, up 13.1% year-on-year.

Meanwhile, the company posted 30.2 billion yuan in revenue, up 16.2% year-on-year.

At the end of the reporting period, it had 78.2 billion yuan in total assets and 60.1 billion yuan in total liabilities, with a liability-to-asset ratio of 76.8%.