Songz Automobile Air Conditioning Co.,Ltd.’s Net Profit Dropped 12.8% in 2022

Songz Automobile Air Conditioning Co.,Ltd. (上海加冷松芝汽车空调股份有限公司) (002454.SZ) reported a net profit of 122.2 million yuan in 2022, down 12.8% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 2.5% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 40.6%.