Zhejiang Yinlun Machinery Co.,Ltd.’s Net Profit Dropped 18.9% in First Half 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 164.1 million yuan in the first half of 2022, down 18.9% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 4.6% year-on-year.

At the end of the reporting period, it had 12.5 billion yuan in total assets and 7.6 billion yuan in total liabilities, with a liability-to-asset ratio of 60.5%.