Changchun Yidong Clutch Co.,Ltd. Posted 8.7 Million Yuan Net Loss in First Quarter of 2023

Changchun Yidong Clutch Co.,Ltd. (长春一东离合器股份有限公司) (600148.SH) reported a net loss of 8.7 million yuan in the first quarter of 2023, reversing a net profit of 1.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 137.5 million yuan in revenue, down 23.3% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 525.1 million yuan in total liabilities, with a liability-to-asset ratio of 46.3%.