Henan Mingtai Al.Industrial Co.,Ltd.’s Net Profit Dropped 13.1% in 2022

Henan Mingtai Al.Industrial Co.,Ltd. (河南明泰铝业股份有限公司) (601677.SH) reported a net profit of 1.6 billion yuan in 2022, down 13.1% year-on-year.

Meanwhile, the company posted 27.8 billion yuan in revenue, up 12.9% year-on-year.

At the end of the reporting period, it had 19 billion yuan in total assets and 6.3 billion yuan in total liabilities, with a liability-to-asset ratio of 33.3%.