Wuhan Lingdian Automobile Electronics Co.,Ltd.’s Net Profit Dropped 26% in First Half of 2022

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 58.5 million yuan in the first half of 2022, down 26% year-on-year.

Meanwhile, the company posted 360.7 million yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 327.7 million yuan in total liabilities, with a liability-to-asset ratio of 18%.