May 03, 2023 08:00 AM

Wolong Electric Group Co.,Ltd.’s Net Profit Dropped 20.7% in 2022

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Wolong Electric Group Co.,Ltd. (卧龙电气驱动集团股份有限公司) (600580.SH) reported a net profit of 838.6 million yuan in 2022, down 20.7% year-on-year.

Meanwhile, the company posted 15 billion yuan in revenue, up 7.1% year-on-year.

At the end of the reporting period, it had 23.5 billion yuan in total assets and 13.3 billion yuan in total liabilities, with a liability-to-asset ratio of 56.8%.

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