Nanjing Kangni Mechanical&Electrical Co.,Ltd.’s Net Profit Dropped 53.3% in First Half of 2022

Nanjing Kangni Mechanical&Electrical Co.,Ltd. (南京康尼机电股份有限公司) (603111.SH) reported a net profit of 114.2 million yuan in the first half of 2022, down 53.3% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 11.1% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 40%.