Zhejiang Songyuan Automotive Safety Systems Co.,Ltd.’s Net Profit Rose 6.1% in 2022

Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. (浙江松原汽车安全系统股份有限公司) (300893.SZ) reported a net profit of 118 million yuan in 2022, up 6.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 33.1% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 673 million yuan in total liabilities, with a liability-to-asset ratio of 43.5%.