Nanjing Kangni Mechanical&Electrical Co.,Ltd.’s Net Profit Rose 26.5% in First Quarter of 2023

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 35.3 million yuan in the first quarter of 2023, up 26.5% year-on-year.

Meanwhile, the company posted 607.3 million yuan in revenue, down 12% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 35.2%.