Zhejiang Shuanghuan Driveline Co.,Ltd.’s Net Profit Rose 65.3% in 2022

Zhejiang Shuanghuan Driveline Co.,Ltd. (浙江双环传动机械股份有限公司) (002472.SZ) reported a net profit of 585.7 million yuan in 2022, up 65.3% year-on-year.

Meanwhile, the company posted 6.8 billion yuan in revenue, up 26.8% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 42%.