Jiangnan Yifan Motor Co.,Ltd.’s Net Profit Rose 48.2% in First Quarter of 2022

Jiangnan Yifan Motor Co.,Ltd. (无锡江南奕帆电力传动科技股份有限公司) (301023.SZ) reported a net profit of 20.3 million yuan in the first quarter of 2022, up 48.2% year-on-year.

Meanwhile, the company posted 40.2 million yuan in revenue, up 0.3% year-on-year.

At the end of the reporting period, it had 899.3 million yuan in total assets and 71.5 million yuan in total liabilities, with a liability-to-asset ratio of 8%.