Nanjing Kangni Mechanical&Electrical Co.,Ltd.’s Net Profit Dropped 23.7% in 2022

Nanjing Kangni Mechanical&Electrical Co.,Ltd. (南京康尼机电股份有限公司) (603111.SH) reported a net profit of 290.5 million yuan in 2022, down 23.7% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 37.7%.