Wuxi Hongsheng Heat Exchanger Manufacturing Co.,Ltd.’s Net Profit Rose 268.9% in 2022

Wuxi Hongsheng Heat Exchanger Manufacturing Co.,Ltd. (无锡宏盛换热器制造股份有限公司) (603090.SH) reported a net profit of 54.2 million yuan in 2022, up 268.9% year-on-year.

Meanwhile, the company posted 714.3 million yuan in revenue, up 27.7% year-on-year.

At the end of the reporting period, it had 861.3 million yuan in total assets and 312.2 million yuan in total liabilities, with a liability-to-asset ratio of 36.3%.