Tongling Jingda Special Magnet Wire Co.,Ltd.’s Net Profit Dropped 5.6% in First Quarter of 2023

Tongling Jingda Special Magnet Wire Co.,Ltd. (铜陵精达特种电磁线股份有限公司) (600577.SH) reported a net profit of 104.1 million yuan in the first quarter of 2023, down 5.6% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, down 12.9% year-on-year.

At the end of the reporting period, it had 11.1 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 52.6%.