Huayu Automotive Systems Company Limited’s Net Profit Rose 17.1% in First Quarter of 2022

Huayu Automotive Systems Company Limited (华域汽车系统股份有限公司) (600741.SH) reported a net profit of 1.9 billion yuan in the first quarter of 2022, up 17.1% year-on-year.

Meanwhile, the company posted 37.4 billion yuan in revenue, up 7.1% year-on-year.

At the end of the reporting period, it had 155.2 billion yuan in total assets and 100.1 billion yuan in total liabilities, with a liability-to-asset ratio of 64.5%.