Jiangsu Rainbow Heavy Industries Co.,Ltd.’s Net Profit Dropped 73.8% in 2022

Jiangsu Rainbow Heavy Industries Co.,Ltd. (江苏润邦重工股份有限公司) (002483.SZ) reported a net profit of 98.3 million yuan in 2022, down 73.8% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, up 34.5% year-on-year.

At the end of the reporting period, it had 10.4 billion yuan in total assets and 6.3 billion yuan in total liabilities, with a liability-to-asset ratio of 60.4%.