Wenzhou Hongfeng Electrical Alloy Co.,Ltd.’s Net Profit Dropped 53.1% in 2022

Wenzhou Hongfeng Electrical Alloy Co.,Ltd. (温州宏丰电工合金股份有限公司) (300283.SZ) reported a net profit of 28.8 million yuan in 2022, down 53.1% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 9.3% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 59.8%.