Jinxi Axle Company Limited Posted 10.3 Million Yuan Net Profit in First Half of 2022

Jinxi Axle Company Limited (晋西车轴股份有限公司) (600495.SH) reported a net profit of 10.3 million yuan in the first half of 2022, reversing a net loss of 54.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 588.7 million yuan in revenue, up 104.6% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 821.6 million yuan in total liabilities, with a liability-to-asset ratio of 20.3%.