Huaming Power Equipment Co.,Ltd.’s Net Profit Dropped 13.6% in 2022

Huaming Power Equipment Co.,Ltd. (华明电力装备股份有限公司) (002270.SZ) reported a net profit of 363.9 million yuan in 2022, down 13.6% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 11.7% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 25%.