Xinjiang Machinery Research Institute Co.,Ltd. Posted 65.6 Million Yuan Net Profit in 2022

Xinjiang Machinery Research Institute Co.,Ltd. (新疆机械研究院股份有限公司) (300159.SZ) reported a net profit of 65.6 million yuan in 2022, reversing a net loss of 283.4 million yuan for the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 57.3% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 95.1%.