Jiangyin Hengrun Heavy Industries Co.,Ltd.’s Net Profit Dropped 78.4% in 2022

Jiangyin Hengrun Heavy Industries Co.,Ltd. (江阴市恒润重工股份有限公司) (603985.SH) reported a net profit of 94.8 million yuan in 2022, down 78.4% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 15.2% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 916.6 million yuan in total liabilities, with a liability-to-asset ratio of 21.2%.