Guangdong Jinming Machinery Co.,Ltd.’s Net Profit Dropped 32.3% in First Quarter of 2022

Guangdong Jinming Machinery Co.,Ltd. (广东金明精机股份有限公司) (300281.SZ) reported a net profit of 9.8 million yuan in the first quarter of 2022, down 32.3% year-on-year.

Meanwhile, the company posted 137.5 million yuan in revenue, up 17.2% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 165.6 million yuan in total liabilities, with a liability-to-asset ratio of 11.3%.