Hangzhou Zhongheng Electric Co.,Ltd. Posted 56.5 Million Yuan Net Loss in 2022

Hangzhou Zhongheng Electric Co.,Ltd. (杭州中恒电气股份有限公司) (002364.SZ) reported a net loss of 56.5 million yuan in 2022, reversing a net profit of 84.5 million yuan for the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 11.5% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 31.2%.