Guangdong Jinming Machinery Co.,Ltd.’s Net Profit Dropped 88.9% in First Quarter of 2023

Guangdong Jinming Machinery Co.,Ltd. (广东金明精机股份有限公司) (300281.SZ) reported a net profit of 1.1 million yuan in the first quarter of 2023, down 88.9% year-on-year.

Meanwhile, the company posted 105.8 million yuan in revenue, down 23.1% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 202.5 million yuan in total liabilities, with a liability-to-asset ratio of 13.8%.