Nanxing Machinery Co.,Ltd.’s Net Profit Rose 8.6% in First Quarter of 2022

Nanxing Machinery Co.,Ltd. (南兴装备股份有限公司) (002757.SZ) reported a net profit of 79.5 million yuan in the first quarter of 2022, up 8.6% year-on-year.

Meanwhile, the company posted 684.8 million yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 35.1%.