Apr 29, 2023 08:00 AM

Jiangsu Guomao Reducer Co.,Ltd.’s Net Profit Dropped 10.5% in 2022

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Jiangsu Guomao Reducer Co.,Ltd. (江苏国茂减速机股份有限公司) (603915.SH) reported a net profit of 411.9 million yuan in 2022, down 10.5% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 8.4% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 29.4%.

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