Huayu Automotive Systems Company Limited’s Net Profit Dropped 12.1% in First Quarter of 2023

Huayu Automotive Systems Company Limited (华域汽车系统股份有限公司) (600741.SH) reported a net profit of 1.7 billion yuan in the first quarter of 2023, down 12.1% year-on-year.

Meanwhile, the company posted 36.8 billion yuan in revenue, down 1.5% year-on-year.

At the end of the reporting period, it had 161.5 billion yuan in total assets and 102.4 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.