Ningbo Gaofa Automotive Control System Co.,Ltd.’s Net Profit Dropped 23.1% in First Three Quarters 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 100.2 million yuan in the first three quarters of 2022, down 23.1% year-on-year.

Meanwhile, the company posted 753 million yuan in revenue, up 7.6% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 312.8 million yuan in total liabilities, with a liability-to-asset ratio of 13.9%.