Zhejiang Songyuan Automotive Safety Systems Co.,Ltd.’s Net Profit Rose 42.1% in First Quarter of 2023

Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. (浙江松原汽车安全系统股份有限公司) (300893.SZ) reported a net profit of 32.5 million yuan in the first quarter of 2023, up 42.1% year-on-year.

Meanwhile, the company posted 225.7 million yuan in revenue, up 2.2% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 581.3 million yuan in total liabilities, with a liability-to-asset ratio of 39%.