May 03, 2023 08:00 AM

Changshu Fengfan Power Equipment Co.,Ltd.’s Net Profit Dropped 63.6% in 2022

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Changshu Fengfan Power Equipment Co.,Ltd. (常熟风范电力设备股份有限公司) (601700.SH) reported a net profit of 34 million yuan in 2022, down 63.6% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 14.3% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 45%.

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