China Automotive Engineering Research Institue Co.,Ltd.’s Net Profit Dropped 0.1% in 2022

China Automotive Engineering Research Institue Co.,Ltd. (中国汽车工程研究院股份有限公司) (601965.SH) reported a net profit of 728.5 million yuan in 2022, down 0.1% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, down 14.2% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 22.9%.