Hefei Metalforming Intelligent Manufacturing Co.,Ltd.’s Net Profit Dropped 81.1% in 2022

Hefei Metalforming Intelligent Manufacturing Co.,Ltd. (合肥合锻智能制造股份有限公司) (603011.SH) reported a net profit of 12.1 million yuan in 2022, down 81.1% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 43.8% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 45.4%.