Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd.’s Net Profit Rose 24.8% in 2022

Guangdong Xinbao Electrical Appliances Holdings Co.,Ltd. (广东新宝电器股份有限公司) (002705.SZ) reported a net profit of 1 billion yuan in 2022, up 24.8% year-on-year.

Meanwhile, the company posted 13.7 billion yuan in revenue, down 8.2% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 44.8%.