May 03, 2023 08:00 AM

Xiangtan Electric Manufacturing Co.,Ltd.’s Net Profit Rose 140.5% in 2022

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Xiangtan Electric Manufacturing Co.,Ltd. (湘潭电机股份有限公司) (600416.SH) reported a net profit of 281.9 million yuan in 2022, up 140.5% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, up 10.6% year-on-year.

At the end of the reporting period, it had 14.1 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 51%.

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