Changchun Yidong Clutch Co.,Ltd.’s Net Profit Dropped 91% in First Quarter of 2022

Changchun Yidong Clutch Co.,Ltd. (长春一东离合器股份有限公司) (600148.SH) reported a net profit of 1.9 million yuan in the first quarter of 2022, down 91% year-on-year.

Meanwhile, the company posted 179.3 million yuan in revenue, down 49.7% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 604.2 million yuan in total liabilities, with a liability-to-asset ratio of 48.4%.