China National Electric Apparatus Research Institute Co.,Ltd.’s Net Profit Rose 14.5% in 2022

China National Electric Apparatus Research Institute Co.,Ltd. (中国电器科学研究院股份有限公司) (688128.SH) reported a net profit of 358.1 million yuan in 2022, up 14.5% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, up 11.4% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 57.2%.