China Automotive Engineering Research Institue Co.,Ltd.’s Net Profit Rose 15% in First Half of 2022

China Automotive Engineering Research Institue Co.,Ltd. (中国汽车工程研究院股份有限公司) (601965.SH) reported a net profit of 314.2 million yuan in the first half of 2022, up 15% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 25.6% year-on-year.

At the end of the reporting period, it had 7.3 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 20.9%.