Zhejiang Wanfeng Auto Wheel Co.,Ltd.’s Net Profit Dropped 4.1% in First Half of 2023

Zhejiang Wanfeng Auto Wheel Co.,Ltd. (浙江万丰奥威汽轮股份有限公司) (002085.SZ) reported a net profit of 427.3 million yuan in the first half of 2023, down 4.1% year-on-year.

Meanwhile, the company posted 7.5 billion yuan in revenue, up 3.9% year-on-year.

At the end of the reporting period, it had 18.5 billion yuan in total assets and 9.6 billion yuan in total liabilities, with a liability-to-asset ratio of 51.8%.