Jiangsu Yinhe Electronics Co.,Ltd.’s Net Profit Dropped 13.4% in First Quarter of 2022

Jiangsu Yinhe Electronics Co.,Ltd. (江苏银河电子股份有限公司) (002519.SZ) reported a net profit of 47 million yuan in the first quarter of 2022, down 13.4% year-on-year.

Meanwhile, the company posted 270 million yuan in revenue, down 40.7% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 469.7 million yuan in total liabilities, with a liability-to-asset ratio of 13.8%.