Beijing Jingcheng Machinery Electric Company Limited Posted 8.7 Million Yuan Net Profit in First Half of 2022

Beijing Jingcheng Machinery Electric Company Limited (北京京城机电股份有限公司) (600860.SH) reported a net profit of 8.7 million yuan in the first half of 2022, reversing a net loss of 618,761 yuan for the same period in the previous year.

Meanwhile, the company posted 637.7 million yuan in revenue, up 21.1% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 853.3 million yuan in total liabilities, with a liability-to-asset ratio of 41%.