Ningbo Shenglong Automotive Powertrainsystem Co.,Ltd.’s Net Profit Dropped 75.9% in First Quarter of 2023

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 5.8 million yuan in the first quarter of 2023, down 75.9% year-on-year.

Meanwhile, the company posted 321.8 million yuan in revenue, down 9.3% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 730.9 million yuan in total liabilities, with a liability-to-asset ratio of 36.6%.