Wuhan Jingce Electronic Group Co.,Ltd.’s Net Profit Dropped 62% in First Quarter of 2022

Wuhan Jingce Electronic Group Co.,Ltd. (武汉精测电子集团股份有限公司) (300567.SZ) reported a net profit of 20.3 million yuan in the first quarter of 2022, down 62% year-on-year.

Meanwhile, the company posted 603.9 million yuan in revenue, up 1.5% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 41%.