Guangzhou Baiyun Electric Equipment Co.,Ltd.’s Net Profit Dropped 43.9% in 2022

Guangzhou Baiyun Electric Equipment Co.,Ltd. (广州白云电器设备股份有限公司) (603861.SH) reported a net profit of 24.8 million yuan in 2022, down 43.9% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 1.4% year-on-year.

At the end of the reporting period, it had 8.5 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 64.6%.