Zhuzhou Kibing Group Co.,Ltd.’s Net Profit Dropped 68.7% in 2022

Zhuzhou Kibing Group Co.,Ltd. (株洲旗滨集团股份有限公司) (601636.SH) reported a net profit of 1.3 billion yuan in 2022, down 68.7% year-on-year.

Meanwhile, the company posted 13.3 billion yuan in revenue, down 9.4% year-on-year.

At the end of the reporting period, it had 24.4 billion yuan in total assets and 11.5 billion yuan in total liabilities, with a liability-to-asset ratio of 47.1%.