Apr 30, 2022 08:00 AM

Wuhan Lingdian Automobile Electronics Co.,Ltd.’s Net Profit Dropped 26.1% in First Quarter of 2022

By Caixin Automation

Wuhan Lingdian Automobile Electronics Co.,Ltd. (武汉菱电汽车电控系统股份有限公司) (688667.SH) reported a net profit of 26.1 million yuan in the first quarter of 2022, down 26.1% year-on-year.

Meanwhile, the company posted 170.9 million yuan in revenue, down 14.5% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 320.4 million yuan in total liabilities, with a liability-to-asset ratio of 18.1%.

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