Sumec Corporation Limited’s Net Profit Rose 20.4% in 2022

Sumec Corporation Limited (苏美达股份有限公司) (600710.SH) reported a net profit of 2.9 billion yuan in 2022, up 20.4% year-on-year.

Meanwhile, the company posted 141.1 billion yuan in revenue, down 16.3% year-on-year.

At the end of the reporting period, it had 53 billion yuan in total assets and 39.6 billion yuan in total liabilities, with a liability-to-asset ratio of 74.7%.

This article was automatically produced by Caixin Automation on April 27, 2023.

Download our app to receive breaking news alerts and read the news on the go.