Jiangnan Yifan Motor Co.,Ltd.’s Net Profit Dropped 42.3% in First Half 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 26.8 million yuan in the first half of 2023, down 42.3% year-on-year.

Meanwhile, the company posted 85.3 million yuan in revenue, down 7.7% year-on-year.

At the end of the reporting period, it had 868.4 million yuan in total assets and 65.3 million yuan in total liabilities, with a liability-to-asset ratio of 7.5%.