Shanghai Yongmaotai Automotive Technology Co.,Ltd.’s Net Profit Dropped 54.8% in First Three Quarters of 2023

Shanghai Yongmaotai Automotive Technology Co.,Ltd. (上海永茂泰汽车科技股份有限公司) (605208.SH) reported a net profit of 28.2 million yuan in the first three quarters of 2023, down 54.8% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 6.1% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 39.3%.