Changzhou Tenglong Auto Parts Co.,Ltd.’s Net Profit Dropped 39.8% in First Quarter of 2022

Changzhou Tenglong Auto Parts Co.,Ltd. (常州腾龙汽车零部件股份有限公司) (603158.SH) reported a net profit of 33.5 million yuan in the first quarter of 2022, down 39.8% year-on-year.

Meanwhile, the company posted 562.6 million yuan in revenue, up 15.7% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 41.7%.