Nanjing Kangni Mechanical&Electrical Co.,Ltd.’s Net Profit Dropped 43.8% in First Three Quarters of 2022

Nanjing Kangni Mechanical&Electrical Co.,Ltd. (南京康尼机电股份有限公司) (603111.SH) reported a net profit of 185.8 million yuan in the first three quarters of 2022, down 43.8% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 10.5% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 37.8%.