Zhejiang Tieliu Clutch Co.,Ltd.’s Net Profit Dropped 19% in First Quarter of 2023

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 22.2 million yuan in the first quarter of 2023, down 19% year-on-year.

Meanwhile, the company posted 502.7 million yuan in revenue, down 2.8% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 947.5 million yuan in total liabilities, with a liability-to-asset ratio of 36.6%.