Wuhan Lingdian Automobile Electronics Co.,Ltd.’s Net Profit Dropped 51.3% in 2022

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 67 million yuan in 2022, down 51.3% year-on-year.

Meanwhile, the company posted 712 million yuan in revenue, down 14.7% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 401 million yuan in total liabilities, with a liability-to-asset ratio of 20.9%.