Wuxi Xinje Electric Co.,Ltd.’s Net Profit Dropped 15.6% in First Quarter of 2022

Wuxi Xinje Electric Co.,Ltd. (无锡信捷电气股份有限公司) (603416.SH) reported a net profit of 74.8 million yuan in the first quarter of 2022, down 15.6% year-on-year.

Meanwhile, the company posted 321.3 million yuan in revenue, up 4.2% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 608.6 million yuan in total liabilities, with a liability-to-asset ratio of 24.7%.