Guangdong Jinming Machinery Co.,Ltd. Posted 1.6 Million Yuan Net Loss in 2022

Guangdong Jinming Machinery Co.,Ltd. (广东金明精机股份有限公司) (300281.SZ) reported a net loss of 1.6 million yuan in 2022, reversing a net profit of 40.5 million yuan for the previous year.

Meanwhile, the company posted 472.4 million yuan in revenue, down 10.6% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 212.5 million yuan in total liabilities, with a liability-to-asset ratio of 14.4%.