Chengdu Galaxy Magnets Co.,Ltd.’s Net Profit Dropped 9% in First Half of 2022

Chengdu Galaxy Magnets Co.,Ltd. (成都银河磁体股份有限公司) (300127.SZ) reported a net profit of 89.7 million yuan in the first half of 2022, down 9% year-on-year.

Meanwhile, the company posted 489.4 million yuan in revenue, up 24.8% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 95.8 million yuan in total liabilities, with a liability-to-asset ratio of 6.8%.