Bohai Automotive Systems Co.,Ltd. Posted 509,364 Yuan Net Profit in First Quarter of 2023

Bohai Automotive Systems Co.,Ltd. (渤海汽车系统股份有限公司) (600960.SH) reported a net profit of 509,364 yuan in the first quarter of 2023, reversing a net loss of 18.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 15.7% year-on-year.

At the end of the reporting period, it had 7.3 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 36.7%.