China Automotive Engineering Research Institue Co.,Ltd.’s Net Profit Rose 16.2% in First Quarter of 2022

China Automotive Engineering Research Institue Co.,Ltd. (中国汽车工程研究院股份有限公司) (601965.SH) reported a net profit of 132.9 million yuan in the first quarter of 2022, up 16.2% year-on-year.

Meanwhile, the company posted 561.1 million yuan in revenue, down 33.2% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 17.8%.