Jiangsu Lixing General Steel Ball Co.,Ltd.’s Net Profit Dropped 31% in 2022

Jiangsu Lixing General Steel Ball Co.,Ltd. (江苏力星通用钢球股份有限公司) (300421.SZ) reported a net profit of 62.3 million yuan in 2022, down 31% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 0.7% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 518.7 million yuan in total liabilities, with a liability-to-asset ratio of 29%.