Zhejiang Meida Industrial Co.,Ltd.’s Net Profit Dropped 32% in 2022

Zhejiang Meida Industrial Co.,Ltd. (浙江美大实业股份有限公司) (002677.SZ) reported a net profit of 452.2 million yuan in 2022, down 32% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 15.2% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 314.2 million yuan in total liabilities, with a liability-to-asset ratio of 13.8%.