Ningbo Shenglong Automotive Powertrainsystem Co.,Ltd.’s Net Profit Dropped 13.5% in 2022

Ningbo Shenglong Automotive Powertrainsystem Co.,Ltd. (宁波圣龙汽车动力系统股份有限公司) (603178.SH) reported a net profit of 89.1 million yuan in 2022, down 13.5% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 813.3 million yuan in total liabilities, with a liability-to-asset ratio of 39.3%.