Changchun Faway Automobile Components Co.,Ltd.’s Net Profit Dropped 9.1% in First Quarter of 2023

Changchun Faway Automobile Components Co.,Ltd. (长春一汽富维汽车零部件股份有限公司) (600742.SH) reported a net profit of 91.8 million yuan in the first quarter of 2023, down 9.1% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, down 2.8% year-on-year.

At the end of the reporting period, it had 20.2 billion yuan in total assets and 10.7 billion yuan in total liabilities, with a liability-to-asset ratio of 52.9%.