Ningbo Cixing Co.,Ltd.’s Net Profit Dropped 26.6% in First Three Quarters of 2022

Ningbo Cixing Co.,Ltd. (宁波慈星股份有限公司) (300307.SZ) reported a net profit of 81 million yuan in the first three quarters of 2022, down 26.6% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 9% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 37.9%.