Jingwei Textile Machinery Co.,Ltd.’s Net Profit Dropped 31.4% in First Quarter of 2023

Jingwei Textile Machinery Co.,Ltd. (经纬纺织机械股份有限公司) (000666.SZ) reported a net profit of 239 million yuan in the first quarter of 2023, down 31.4% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 11.8% year-on-year.

At the end of the reporting period, it had 39.3 billion yuan in total assets and 14.4 billion yuan in total liabilities, with a liability-to-asset ratio of 36.6%.