Ningbo Huaxiang Electronic Co.,Ltd.’s Net Profit Dropped 12.1% in 2022

Ningbo Huaxiang Electronic Co.,Ltd. (宁波华翔电子股份有限公司) (002048.SZ) reported a net profit of 1.3 billion yuan in 2022, down 12.1% year-on-year.

Meanwhile, the company posted 19.6 billion yuan in revenue, up 11.6% year-on-year.

At the end of the reporting period, it had 22.9 billion yuan in total assets and 10.3 billion yuan in total liabilities, with a liability-to-asset ratio of 44.8%.