Linzhou Heavy Machinery Group.,Ltd. Posted 17.6 Million Yuan Net Profit in 2022

Linzhou Heavy Machinery Group.,Ltd. (林州重机集团股份有限公司) (002535.SZ) reported a net profit of 17.6 million yuan in 2022, reversing a net loss of 429.5 million yuan for the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 146.5% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 90%.