Apr 28, 2023 08:00 AM

Taiyuan Heavy Industry Co.,Ltd.’s Net Profit Rose 32.3% in 2022

00:00

00:00/00:00

Listen to this article 1x

Taiyuan Heavy Industry Co.,Ltd. (太原重工股份有限公司) (600169.SH) reported a net profit of 229.6 million yuan in 2022, up 32.3% year-on-year.

Meanwhile, the company posted 8 billion yuan in revenue, down 3.4% year-on-year.

At the end of the reporting period, it had 31.6 billion yuan in total assets and 25.2 billion yuan in total liabilities, with a liability-to-asset ratio of 79.8%.

This article was automatically produced by Caixin Automation on May 8, 2023.

Download our app to receive breaking news alerts and read the news on the go.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

5: China Rolls Out Subsidized Consumer Loans to Boost Spending