Aeolus Tyre Co.,Ltd. Posted 51 Million Yuan Net Profit in First Quarter of 2023

Aeolus Tyre Co.,Ltd. (风神轮胎股份有限公司) (600469.SH) reported a net profit of 51 million yuan in the first quarter of 2023, reversing a net loss of 41.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 20.7% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 56.4%.