Shanghai Baolong Automotive Corporation Limited’s Net Profit Dropped 22.1% in 2022

Shanghai Baolong Automotive Corporation Limited (上海保隆汽车科技股份有限公司) (603197.SH) reported a net profit of 227.3 million yuan in 2022, down 22.1% year-on-year.

Meanwhile, the company posted 4.8 billion yuan in revenue, up 22.6% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 57.9%.