Jingwei Textile Machinery Co.,Ltd.’s Net Profit Dropped 5.6% in First Three Quarters of 2022

Jingwei Textile Machinery Co.,Ltd. (经纬纺织机械股份有限公司) (000666.SZ) reported a net profit of 1 billion yuan in the first three quarters of 2022, down 5.6% year-on-year.

Meanwhile, the company posted 5.9 billion yuan in revenue, up 0.1% year-on-year.

At the end of the reporting period, it had 40.5 billion yuan in total assets and 16 billion yuan in total liabilities, with a liability-to-asset ratio of 39.5%.