Wuhan Lingdian Automobile Electronics Co.,Ltd.’s Net Profit Dropped 47.7% in First Half 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 30.6 million yuan in the first half of 2023, down 47.7% year-on-year.

Meanwhile, the company posted 472 million yuan in revenue, up 30.9% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 409.5 million yuan in total liabilities, with a liability-to-asset ratio of 20.8%.