-- Wanxiang Qianchao (SHE:000559) posted first-quarter attributable net profit of 246.8 million yuan, down 16% from 293.3 million yuan the previous year.
Earnings per share declined to 0.074 yuan from 0.089 yuan, according to a weekend filing with the Shenzhen bourse.
Operating revenue slipped 20% year over year to 2.80 billion yuan from 3.50 billion yuan.
Shares of the auto parts manufacturer declined 3% in recent trade.