Changzhou Tenglong Auto Parts Co.,Ltd.’s Net Profit Rose 30.1% in First Quarter of 2023

Changzhou Tenglong Auto Parts Co.,Ltd. (常州腾龙汽车零部件股份有限公司) (603158.SH) reported a net profit of 44.5 million yuan in the first quarter of 2023, up 30.1% year-on-year.

Meanwhile, the company posted 677.3 million yuan in revenue, up 14% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 46.4%.