Ningbo Gaofa Automotive Control System Co.,Ltd.’s Net Profit Dropped 24.7% in First Half of 2022

Ningbo Gaofa Automotive Control System Co.,Ltd. (宁波高发汽车控制系统股份有限公司) (603788.SH) reported a net profit of 68.5 million yuan in the first half of 2022, down 24.7% year-on-year.

Meanwhile, the company posted 484.8 million yuan in revenue, up 2.7% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 288.5 million yuan in total liabilities, with a liability-to-asset ratio of 13.2%.