Jinlong Machinery&Electronic Co.,Ltd.’s Net Profit Dropped 94.7% in First Half of 2022

Jinlong Machinery&Electronic Co.,Ltd. (金龙机电股份有限公司) (300032.SZ) reported a net profit of 9.7 million yuan in the first half of 2022, down 94.7% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 88% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 64.3%.