Jiangsu Pacific Precision Forging Co.,Ltd.’s Net Profit Dropped 19.2% in First Quarter of 2022

Jiangsu Pacific Precision Forging Co.,Ltd. (江苏太平洋精锻科技股份有限公司) (300258.SZ) reported a net profit of 42.6 million yuan in the first quarter of 2022, down 19.2% year-on-year.

Meanwhile, the company posted 404.3 million yuan in revenue, up 23.9% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 36.1%.