Ningbo Shenglong Automotive Powertrainsystem Co.,Ltd.’s Net Profit Dropped 31.4% in First Half of 2022

Ningbo Shenglong Automotive Powertrainsystem Co.,Ltd. (宁波圣龙汽车动力系统股份有限公司) (603178.SH) reported a net profit of 42 million yuan in the first half of 2022, down 31.4% year-on-year.

Meanwhile, the company posted 664.4 million yuan in revenue, up 2.7% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 749.9 million yuan in total liabilities, with a liability-to-asset ratio of 38.3%.