Qinchuan Machine Tool&Tool Group Share Co.,Ltd.’s Net Profit Dropped 22.6% in First Three Quarters of 2022

Qinchuan Machine Tool&Tool Group Share Co.,Ltd. (秦川机床工具集团股份公司) (000837.SZ) reported a net profit of 224.7 million yuan in the first three quarters of 2022, down 22.6% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, down 23.9% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 51.1%.