Zhejiang Jinfei Kaida Wheel Co.,Ltd.’s Net Profit Dropped 7% in First Half of 2023

Zhejiang Jinfei Kaida Wheel Co.,Ltd. (浙江今飞凯达轮毂股份有限公司) (002863.SZ) reported a net profit of 41.1 million yuan in the first half of 2023, down 7% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, up 4.2% year-on-year.

At the end of the reporting period, it had 6.7 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 68.1%.