Shanghai Kelai Mechatronics Engineering Co.,Ltd.’s Net Profit Dropped 98.7% in First Quarter of 2022

Shanghai Kelai Mechatronics Engineering Co.,Ltd. (上海克来机电自动化工程股份有限公司) (603960.SH) reported a net profit of 296,543 yuan in the first quarter of 2022, down 98.7% year-on-year.

Meanwhile, the company posted 97.6 million yuan in revenue, down 26.9% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 203.6 million yuan in total liabilities, with a liability-to-asset ratio of 16.6%.