May 06, 2022 08:00 AM

Jinxi Axle Company Limited Posted 33.6 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Jinxi Axle Company Limited (晋西车轴股份有限公司) (600495.SH) reported a net loss of 33.6 million yuan in the first quarter of 2022, narrowing 1% year-on-year.

Meanwhile, the company posted 125.1 million yuan in revenue, down 3.5% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 627.4 million yuan in total liabilities, with a liability-to-asset ratio of 16.4%.

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