Jiangnan Yifan Motor Co.,Ltd.’s Net Profit Dropped 41.5% in First Three Quarters of 2023

Jiangnan Yifan Motor Co.,Ltd. (无锡江南奕帆电力传动科技股份有限公司) (301023.SZ) reported a net profit of 37.7 million yuan in the first three quarters of 2023, down 41.5% year-on-year.

Meanwhile, the company posted 128.5 million yuan in revenue, down 7.3% year-on-year.

At the end of the reporting period, it had 871.1 million yuan in total assets and 69.7 million yuan in total liabilities, with a liability-to-asset ratio of 8%.