Harbin Dongan Auto Engine Co.,Ltd.’s Net Profit Dropped 95.4% in First Quarter of 2023

Harbin Dongan Auto Engine Co.,Ltd. (哈尔滨东安汽车动力股份有限公司) (600178.SH) reported a net profit of 1.6 million yuan in the first quarter of 2023, down 95.4% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 32.1% year-on-year.

At the end of the reporting period, it had 7.8 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 55%.