Apr 30, 2022 08:00 AM

Zhejiang Tieliu Clutch Co.,Ltd.’s Net Profit Dropped 47.9% in First Quarter of 2022

By Caixin Automation

Zhejiang Tieliu Clutch Co.,Ltd. (浙江铁流离合器股份有限公司) (603926.SH) reported a net profit of 27.4 million yuan in the first quarter of 2022, down 47.9% year-on-year.

Meanwhile, the company posted 517.4 million yuan in revenue, up 22.1% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 42%.

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