Zhejiang Yinlun Machinery Co.,Ltd.’s Net Profit Dropped 27.4% in First Quarter of 2022

Zhejiang Yinlun Machinery Co.,Ltd. (浙江银轮机械股份有限公司) (002126.SZ) reported a net profit of 86.9 million yuan in the first quarter of 2022, down 27.4% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 2.8% year-on-year.

At the end of the reporting period, it had 12.4 billion yuan in total assets and 7.5 billion yuan in total liabilities, with a liability-to-asset ratio of 60.6%.