Chengdu Galaxy Magnets Co.,Ltd.’s Net Profit Dropped 19.4% in First Quarter of 2022

Chengdu Galaxy Magnets Co.,Ltd. (成都银河磁体股份有限公司) (300127.SZ) reported a net profit of 37 million yuan in the first quarter of 2022, down 19.4% year-on-year.

Meanwhile, the company posted 214.7 million yuan in revenue, up 17% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 95.9 million yuan in total liabilities, with a liability-to-asset ratio of 6.3%.