Ningbo Gaofa Automotive Control System Co.,Ltd.’s Net Profit Dropped 21.1% in 2022

Ningbo Gaofa Automotive Control System Co.,Ltd. (宁波高发汽车控制系统股份有限公司) (603788.SH) reported a net profit of 114.7 million yuan in 2022, down 21.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 350.2 million yuan in total liabilities, with a liability-to-asset ratio of 15.1%.