Jinlong Machinery&Electronic Co.,Ltd.’s Net Profit Dropped 0.8% in First Quarter of 2022

Jinlong Machinery&Electronic Co.,Ltd. (金龙机电股份有限公司) (300032.SZ) reported a net profit of 8.3 million yuan in the first quarter of 2022, down 0.8% year-on-year.

Meanwhile, the company posted 605.3 million yuan in revenue, up 46.3% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 63.9%.