Jiangsu Guomao Reducer Co.,Ltd.’s Net Profit Dropped 19.2% in First Quarter of 2022

Jiangsu Guomao Reducer Co.,Ltd. (江苏国茂减速机股份有限公司) (603915.SH) reported a net profit of 64.4 million yuan in the first quarter of 2022, down 19.2% year-on-year.

Meanwhile, the company posted 609.8 million yuan in revenue, down 5.1% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 32.5%.