Xuchang Yuandong Drive Shaft Co.,Ltd.’s Net Profit Dropped 78.5% in First Half of 2022

Xuchang Yuandong Drive Shaft Co.,Ltd. (许昌远东传动轴股份有限公司) (002406.SZ) reported a net profit of 32.7 million yuan in the first half of 2022, down 78.5% year-on-year.

Meanwhile, the company posted 566.5 million yuan in revenue, down 55.3% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 26.6%.