Nanjing Kangni Mechanical&Electrical Co.,Ltd.’s Net Profit Dropped 76.4% in First Quarter of 2022

Nanjing Kangni Mechanical&Electrical Co.,Ltd. (南京康尼机电股份有限公司) (603111.SH) reported a net profit of 27.9 million yuan in the first quarter of 2022, down 76.4% year-on-year.

Meanwhile, the company posted 690 million yuan in revenue, down 26.5% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 39.2%.