Apr 20, 2022 08:00 AM

Ningbo Shenglong Automotive Powertrainsystem Co.,Ltd.’s Net Profit Rose 1% in First Quarter of 2022

By Caixin Automation

Ningbo Shenglong Automotive Powertrainsystem Co.,Ltd. (宁波圣龙汽车动力系统股份有限公司) (603178.SH) reported a net profit of 24.2 million yuan in the first quarter of 2022, up 1% year-on-year.

Meanwhile, the company posted 354.9 million yuan in revenue, up 3.1% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 790.7 million yuan in total liabilities, with a liability-to-asset ratio of 39.3%.

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