Jiangnan Yifan Motor Co.,Ltd.’s Net Profit Dropped 30.3% in First Quarter of 2023

Jiangnan Yifan Motor Co.,Ltd. (无锡江南奕帆电力传动科技股份有限公司) (301023.SZ) reported a net profit of 14.2 million yuan in the first quarter of 2023, down 30.3% year-on-year.

Meanwhile, the company posted 38.6 million yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 938.7 million yuan in total assets and 73.6 million yuan in total liabilities, with a liability-to-asset ratio of 7.8%.