China Automotive Engineering Research Institue Co.,Ltd.’s Net Profit Rose 18.4% in First Quarter of 2023

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 157.3 million yuan in the first quarter of 2023, up 18.4% year-on-year.

Meanwhile, the company posted 707 million yuan in revenue, up 26% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 20.6%.