Jinxi Axle Company Limited Posted 1.4 Million Yuan Net Profit in First Three Quarters of 2022

Jinxi Axle Company Limited (晋西车轴股份有限公司) (600495.SH) reported a net profit of 1.4 million yuan in the first three quarters of 2022, reversing a net loss of 87.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 835.1 million yuan in revenue, up 97.5% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 774.8 million yuan in total liabilities, with a liability-to-asset ratio of 19.4%.