Cwb Automotive Electronics Co.,Ltd.’s Net Profit Rose 13.8% in First Quarter of 2023

Cwb Automotive Electronics Co.,Ltd. (合兴汽车电子股份有限公司) (605005.SH) reported a net profit of 37.8 million yuan in the first quarter of 2023, up 13.8% year-on-year.

Meanwhile, the company posted 309 million yuan in revenue, down 10.1% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 373.6 million yuan in total liabilities, with a liability-to-asset ratio of 18.5%.