Suzhou Chunxing Precision Mechanical Co.,Ltd. Posted 14.2 Million Yuan Net Profit in First Three Quarters of 2022

Suzhou Chunxing Precision Mechanical Co.,Ltd. (苏州春兴精工股份有限公司) (002547.SZ) reported a net profit of 14.2 million yuan in the first three quarters of 2022, reversing a net loss of 257.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 12.2% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 87.6%.