Ningbo Cixing Co.,Ltd.’s Net Profit Dropped 25.2% in First Half of 2022

Ningbo Cixing Co.,Ltd. (宁波慈星股份有限公司) (300307.SZ) reported a net profit of 68.3 million yuan in the first half of 2022, down 25.2% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 7.2% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 36%.