Xcmg Construction Machinery Co.,Ltd.’s Net Profit Dropped 18.8% in First Quarter of 2022

Xcmg Construction Machinery Co.,Ltd. (徐工集团工程机械股份有限公司) (000425.SZ) reported a net profit of 1.4 billion yuan in the first quarter of 2022, down 18.8% year-on-year.

Meanwhile, the company posted 20 billion yuan in revenue, down 19.8% year-on-year.

At the end of the reporting period, it had 115.1 billion yuan in total assets and 76.6 billion yuan in total liabilities, with a liability-to-asset ratio of 66.5%.