Ningbo Shuanglin Auto Parts Co.,Ltd.’s Net Profit Rose 39.9% in First Quarter of 2023

Ningbo Shuanglin Auto Parts Co.,Ltd. (宁波双林汽车部件股份有限公司) (300100.SZ) reported a net profit of 41.9 million yuan in the first quarter of 2023, up 39.9% year-on-year.

Meanwhile, the company posted 888.6 million yuan in revenue, down 16.2% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 60.9%.