Guangdong Jinming Machinery Co.,Ltd.’s Net Profit Dropped 61.3% in First Three Quarters of 2022

Guangdong Jinming Machinery Co.,Ltd. (广东金明精机股份有限公司) (300281.SZ) reported a net profit of 13.4 million yuan in the first three quarters of 2022, down 61.3% year-on-year.

Meanwhile, the company posted 364.7 million yuan in revenue, down 5.2% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 204.9 million yuan in total liabilities, with a liability-to-asset ratio of 13.8%.