Ningbo Shenglong Automotive Powertrainsystem Co.,Ltd.’s Net Profit Dropped 6.2% in First Three Quarters 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 75.5 million yuan in the first three quarters of 2022, down 6.2% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 4.7% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 796.5 million yuan in total liabilities, with a liability-to-asset ratio of 39%.