May 03, 2023 08:00 AM

Ningbo Water Meter Co.,Ltd.’s Net Profit Dropped 46.5% in 2022

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Ningbo Water Meter Co.,Ltd. (宁波水表(集团)股份有限公司) (603700.SH) reported a net profit of 125.6 million yuan in 2022, down 46.5% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 9.5% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 817.9 million yuan in total liabilities, with a liability-to-asset ratio of 34.8%.

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