Changzhou Kaidi Electrical Inc.’s Net Profit Dropped 58.3% in 2022

Changzhou Kaidi Electrical Inc. (常州市凯迪电器股份有限公司) (605288.SH) reported a net profit of 48.6 million yuan in 2022, down 58.3% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 31.8% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 416.5 million yuan in total liabilities, with a liability-to-asset ratio of 16.7%.