Zhejiang Grandwall Electric Science&Technology Co.,Ltd.’s Net Profit Dropped 60.1% in 2022

Zhejiang Grandwall Electric Science&Technology Co.,Ltd. (浙江长城电工科技股份有限公司) (603897.SH) reported a net profit of 136.2 million yuan in 2022, down 60.1% year-on-year.

Meanwhile, the company posted 10 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 51.2%.