Anhui Quanchai Engine Co.,Ltd.’s Net Profit Dropped 6% in First Quarter of 2023

Anhui Quanchai Engine Co.,Ltd. (安徽全柴动力股份有限公司) (600218.SH) reported a net profit of 31.7 million yuan in the first quarter of 2023, down 6% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 5.1% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 47.3%.