Lifan Technology's revenue in the first half of the year fell 18.19% to 2.563 billion yuan

News from this site on August 22, Lifan Technology released its performance report for the first half of 2023. Operating income was 2.563 billion yuan, a year-on-year decrease of 18.19%; net profit attributable to shareholders of listed companies was 40.18 million yuan, a year-on-year decrease of 40.18 million yuan. A decrease of 59.55%, mainly due to the increase in investment in automobile research and development and increased automobile brand promotion in the current period, and an increase in sales expenses, resulting in a decrease in net profit; basic earnings per share was 0.01 yuan, a year-on-year decrease of 50%, mainly due to the increase in investment in automobile R&D and promotion of automobile brands in the current period. Net profit decreased; net cash flow generated from operating activities decreased by 176.73% in the current period compared with the same period last year, mainly due to the increase in inventory and tax expenses in the current period.

According to the report, it is reported that Lifan Technology’s automotive business revenue was 1.215 billion yuan, a year-on-year decrease of 29.91%; motorcycle business revenue was 1.035 billion yuan, a year-on-year decrease of 11.09%; general machinery business revenue was 240 million yuan, a year-on-year decrease of 29.91%. Growth of 39.41%

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