Jingwei Textile Machinery Co.,Ltd.’s Net Profit Rose 3.7% in First Quarter of 2022

Jingwei Textile Machinery Co.,Ltd. (经纬纺织机械股份有限公司) (000666.SZ) reported a net profit of 348.2 million yuan in the first quarter of 2022, up 3.7% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 7.3% year-on-year.

At the end of the reporting period, it had 39.7 billion yuan in total assets and 16.1 billion yuan in total liabilities, with a liability-to-asset ratio of 40.4%.