Ningbo Boway Alloy Material Co.,Ltd.’s Net Profit Rose 73.1% in 2022

Ningbo Boway Alloy Material Co.,Ltd. (宁波博威合金材料股份有限公司) (601137.SH) reported a net profit of 537.1 million yuan in 2022, up 73.1% year-on-year.

Meanwhile, the company posted 13.4 billion yuan in revenue, up 34% year-on-year.

At the end of the reporting period, it had 14.5 billion yuan in total assets and 8.5 billion yuan in total liabilities, with a liability-to-asset ratio of 58.5%.