Ningbo Kangqiang Electronics Co.,Ltd.’s Net Profit Dropped 22.3% in First Three Quarters of 2022

Ningbo Kangqiang Electronics Co.,Ltd. (宁波康强电子股份有限公司) (002119.SZ) reported a net profit of 96.6 million yuan in the first three quarters of 2022, down 22.3% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 21.1% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 704.4 million yuan in total liabilities, with a liability-to-asset ratio of 36.6%.