China Marine Information Electronics Company Limited’s Net Profit Dropped 31.1% in 2022

China Marine Information Electronics Company Limited (中国船舶重工集团海洋防务与信息对抗股份有限公司) (600764.SH) reported a net profit of 585 million yuan in 2022, down 31.1% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, down 12% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 27.1%.