Zhejiang Wanfeng Auto Wheel Co.,Ltd.’s Net Profit Dropped 5.1% in First Three Quarters 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 693 million yuan in the first three quarters of 2023, down 5.1% year-on-year.

Meanwhile, the company posted 11.6 billion yuan in revenue, down 0.7% year-on-year.

At the end of the reporting period, it had 18.4 billion yuan in total assets and 9.4 billion yuan in total liabilities, with a liability-to-asset ratio of 51.1%.