Xuchang Yuandong Drive Shaft Co.,Ltd.’s Net Profit Rose 30.8% in First Half 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 42.7 million yuan in the first half of 2023, up 30.8% year-on-year.

Meanwhile, the company posted 624.9 million yuan in revenue, up 10.3% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 28.4%.