Guangxi Liugong Machinery Co.,Ltd.’s Net Profit Dropped 46.8% in First Quarter of 2022

Guangxi Liugong Machinery Co.,Ltd. (广西柳工机械股份有限公司) (000528.SZ) reported a net profit of 265.7 million yuan in the first quarter of 2022, down 46.8% year-on-year.

Meanwhile, the company posted 6.7 billion yuan in revenue, down 22.1% year-on-year.

At the end of the reporting period, it had 43.1 billion yuan in total assets and 26.7 billion yuan in total liabilities, with a liability-to-asset ratio of 62%.