Xuchang Yuandong Drive Shaft Co.,Ltd.’s Net Profit Dropped 34% in First Quarter of 2023

Xuchang Yuandong Drive Shaft Co.,Ltd. (许昌远东传动轴股份有限公司) (002406.SZ) reported a net profit of 17.1 million yuan in the first quarter of 2023, down 34% year-on-year.

Meanwhile, the company posted 296.5 million yuan in revenue, down 6.4% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 23.7%.