Ningbo Kangqiang Electronics Co.,Ltd.’s Net Profit Dropped 43.7% in 2022

Ningbo Kangqiang Electronics Co.,Ltd. (宁波康强电子股份有限公司) (002119.SZ) reported a net profit of 102 million yuan in 2022, down 43.7% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 22.4% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 681.2 million yuan in total liabilities, with a liability-to-asset ratio of 35.7%.