Jiangxi Huawu Brake Co.,Ltd.’s Net Profit Dropped 25.5% in First Quarter of 2023

Jiangxi Huawu Brake Co.,Ltd. (江西华伍制动器股份有限公司) (300095.SZ) reported a net profit of 38.7 million yuan in the first quarter of 2023, down 25.5% year-on-year.

Meanwhile, the company posted 295.4 million yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 38%.