Xiamen Kingdomway Group Company’s Net Profit Dropped 68.7% in 2022

Xiamen Kingdomway Group Company (厦门金达威集团股份有限公司) (002626.SZ) reported a net profit of 244.6 million yuan in 2022, down 68.7% year-on-year.

Meanwhile, the company posted 3 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 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 31.7%.