Jiangsu Yawei Machine Tool Co.,Ltd.’s Net Profit Rose 16.5% in First Quarter of 2022

Jiangsu Yawei Machine Tool Co.,Ltd. (江苏亚威机床股份有限公司) (002559.SZ) reported a net profit of 34.4 million yuan in the first quarter of 2022, up 16.5% year-on-year.

Meanwhile, the company posted 516.9 million yuan in revenue, up 30.9% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 51.5%.