Baoding Tianwei Baobian Electric Co.,Ltd.’s Net Profit Dropped 16.1% in 2022

Baoding Tianwei Baobian Electric Co.,Ltd. (保定天威保变电气股份有限公司) (600550.SH) reported a net profit of 48 million yuan in 2022, down 16.1% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, down 16.8% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 84.2%.