Jiangsu Xinri E-Vehicle Co.,Ltd.’s Net Profit Dropped 28.2% in First Half of 2023

Jiangsu Xinri E-Vehicle Co.,Ltd. (江苏新日电动车股份有限公司) (603787.SH) reported a net profit of 46.6 million yuan in the first half of 2023, down 28.2% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 55.8%.