Beijing Jingcheng Machinery Electric Company Limited Posted 14.1 Million Yuan Net Profit in 2022

Beijing Jingcheng Machinery Electric Company Limited (北京京城机电股份有限公司) (600860.SH) reported a net profit of 14.1 million yuan in 2022, reversing a net loss of 41.2 million yuan for the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 16% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 42.2%.