Suzhou Victory Precision Manufacture Co.,Ltd.’s Net Profit Dropped 88.5% in First Quarter of 2022

Suzhou Victory Precision Manufacture Co.,Ltd. (苏州胜利精密制造科技股份有限公司) (002426.SZ) reported a net profit of 8.5 million yuan in the first quarter of 2022, down 88.5% year-on-year.

Meanwhile, the company posted 866.7 million yuan in revenue, down 24.5% year-on-year.

At the end of the reporting period, it had 9.2 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 50.2%.