Guangxi Liugong Machinery Co.,Ltd.’s Net Profit Dropped 36.9% in 2022

Guangxi Liugong Machinery Co.,Ltd. (广西柳工机械股份有限公司) (000528.SZ) reported a net profit of 646.9 million yuan in 2022, down 36.9% year-on-year.

Meanwhile, the company posted 26.5 billion yuan in revenue, down 7.7% year-on-year.

At the end of the reporting period, it had 42.3 billion yuan in total assets and 25.1 billion yuan in total liabilities, with a liability-to-asset ratio of 59.4%.