Shanghai Baolong Automotive Corporation Limited’s Net Profit Dropped 47.2% in First Three Quarters of 2022

Shanghai Baolong Automotive Corporation Limited (上海保隆汽车科技股份有限公司) (603197.SH) reported a net profit of 128.3 million yuan in the first three quarters of 2022, down 47.2% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 13.3% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 57.1%.