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

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%.