Jiangsu Pacific Precision Forging Co.,Ltd.’s Net Profit Rose 44.1% in 2022

Jiangsu Pacific Precision Forging Co.,Ltd. (江苏太平洋精锻科技股份有限公司) (300258.SZ) reported a net profit of 247.8 million yuan in 2022, up 44.1% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 27% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 38%.