Jingwei Textile Machinery Co.,Ltd.’s Net Profit Dropped 28.5% in 2022

Jingwei Textile Machinery Co.,Ltd. (经纬纺织机械股份有限公司) (000666.SZ) reported a net profit of 1.1 billion yuan in 2022, down 28.5% year-on-year.

Meanwhile, the company posted 8 billion yuan in revenue, down 4.2% year-on-year.

At the end of the reporting period, it had 39.2 billion yuan in total assets and 14.6 billion yuan in total liabilities, with a liability-to-asset ratio of 37.2%.