The revenue of Lifan Technology in the first half of the year was 2.563 billion yuan, down 18.19% from the same period last year.

CTOnews.com August 22 news, Lifan Technology released the first half of 2023 results report, operating income of 2.563 billion yuan, down 18.19%; net profit belonging to shareholders of listed companies 40.18 million yuan, down 59.55%, mainly due to the increase in investment in automobile research and development and increased brand publicity, sales expenses increased, resulting in a decrease in net profit The basic earnings per share was 0.01 yuan, down 50% from the same period last year, mainly due to the decrease in net profit belonging to shareholders of listed companies in the current period; the net cash flow generated by 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 expenditure in the current period.

CTOnews.com learned from the report that Lifan Technology Automotive business revenue was 1.215 billion yuan, down 29.91% from the same period last year; motorcycle business revenue was 1.035 billion yuan, down 11.09% from the same period last year; and general machine business income was 240 million yuan, up 39.41% from the same period last year.