Ningbo Cixing Co.,Ltd.’s Net Profit Dropped 35.9% in First Quarter of 2022

Ningbo Cixing Co.,Ltd. (宁波慈星股份有限公司) (300307.SZ) reported a net profit of 27.5 million yuan in the first quarter of 2022, down 35.9% year-on-year.

Meanwhile, the company posted 473.2 million yuan in revenue, up 1.1% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 34.6%.