Zhejiang Shuanghuan Driveline Co.,Ltd.’s Net Profit Rose 40.9% in First Quarter of 2023

Zhejiang Shuanghuan Driveline Co.,Ltd. (浙江双环传动机械股份有限公司) (002472.SZ) reported a net profit of 175.7 million yuan in the first quarter of 2023, up 40.9% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 8.2% year-on-year.

At the end of the reporting period, it had 12.7 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 41.9%.