Qinchuan Machine Tool&Tool Group Share Co.,Ltd.’s Net Profit Dropped 0.8% in 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 326 million yuan in 2022, down 0.8% year-on-year.

Meanwhile, the company posted 4.1 billion yuan in revenue, down 18.8% year-on-year.

At the end of the reporting period, it had 8.5 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 51.6%.