Jiangsu Lixing General Steel Ball Co.,Ltd.’s Net Profit Dropped 63.5% in First Quarter of 2022

Jiangsu Lixing General Steel Ball Co.,Ltd. (江苏力星通用钢球股份有限公司) (300421.SZ) reported a net profit of 12.2 million yuan in the first quarter of 2022, down 63.5% year-on-year.

Meanwhile, the company posted 231.1 million yuan in revenue, down 5.9% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 440.3 million yuan in total liabilities, with a liability-to-asset ratio of 26.1%.