Wuhan Lingdian Automobile Electronics Co.,Ltd.’s Net Profit Dropped 47.9% in First Quarter of 2023

Wuhan Lingdian Automobile Electronics Co.,Ltd. (武汉菱电汽车电控系统股份有限公司) (688667.SH) reported a net profit of 13.6 million yuan in the first quarter of 2023, down 47.9% year-on-year.

Meanwhile, the company posted 232.3 million yuan in revenue, up 35.9% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 359.1 million yuan in total liabilities, with a liability-to-asset ratio of 18.9%.