Nanxing Machinery Co.,Ltd.’s Net Profit Dropped 10.2% in First Half of 2022

Nanxing Machinery Co.,Ltd. (南兴装备股份有限公司) (002757.SZ) reported a net profit of 150.6 million yuan in the first half of 2022, down 10.2% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 2.9% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 36.2%.