China Shipbuilding Industry Group Power Co.,Ltd.’s Net Profit Dropped 46.1% in 2022

China Shipbuilding Industry Group Power Co.,Ltd. (中国船舶重工集团动力股份有限公司) (600482.SH) reported a net profit of 369.9 million yuan in 2022, down 46.1% year-on-year.

Meanwhile, the company posted 38.3 billion yuan in revenue, up 10.5% year-on-year.

At the end of the reporting period, it had 85.9 billion yuan in total assets and 40.2 billion yuan in total liabilities, with a liability-to-asset ratio of 46.8%.