Changzhou Xingyu Automotive Lighting Systems Co.,Ltd.’s Net Profit Dropped 24.5% in First Quarter of 2023

Changzhou Xingyu Automotive Lighting Systems Co.,Ltd. (常州星宇车灯股份有限公司) (601799.SH) reported a net profit of 203.6 million yuan in the first quarter of 2023, down 24.5% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 9.8% year-on-year.

At the end of the reporting period, it had 13.1 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 33.9%.