Harbin Dongan Auto Engine Co.,Ltd.’s Net Profit Dropped 50.5% in First Quarter of 2022

Harbin Dongan Auto Engine Co.,Ltd. (哈尔滨东安汽车动力股份有限公司) (600178.SH) reported a net profit of 35.6 million yuan in the first quarter of 2022, down 50.5% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 8.3% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 55.4%.