Shanghai Baolong Automotive Corporation Limited’s Net Profit Rose 115.2% in First Quarter of 2023

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 95.2 million yuan in the first quarter of 2023, up 115.2% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 22.9% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 58.4%.