Zhejiang Shuanghuan Driveline Co.,Ltd.’s Net Profit Rose 47.7% in First Half of 2023

Zhejiang Shuanghuan Driveline Co.,Ltd. (浙江双环传动机械股份有限公司) (002472.SZ) reported a net profit of 383.5 million yuan in the first half of 2023, up 47.7% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, up 19% year-on-year.

At the end of the reporting period, it had 13 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 39.4%.