May 03, 2023 08:00 AM

Xcmg Construction Machinery Co.,Ltd.’s Net Profit Dropped 48% in 2022

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Xcmg Construction Machinery Co.,Ltd. (徐工集团工程机械股份有限公司) (000425.SZ) reported a net profit of 4.3 billion yuan in 2022, down 48% year-on-year.

Meanwhile, the company posted 93.8 billion yuan in revenue, down 19.7% year-on-year.

At the end of the reporting period, it had 175.1 billion yuan in total assets and 120.4 billion yuan in total liabilities, with a liability-to-asset ratio of 68.8%.

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