Wuhan Lingdian Automobile Electronics Co.,Ltd.’s Net Profit Dropped 53.6% in First Three Quarters of 2022

Wuhan Lingdian Automobile Electronics Co.,Ltd. (武汉菱电汽车电控系统股份有限公司) (688667.SH) reported a net profit of 53.6 million yuan in the first three quarters of 2022, down 53.6% year-on-year.

Meanwhile, the company posted 530.3 million yuan in revenue, down 11.4% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 350.6 million yuan in total liabilities, with a liability-to-asset ratio of 18.8%.