Ningbo Gaofa Automotive Control System Co.,Ltd.’s Net Profit Dropped 2.6% in First Half of 2023

Ningbo Gaofa Automotive Control System Co.,Ltd. (宁波高发汽车控制系统股份有限公司) (603788.SH) reported a net profit of 66.7 million yuan in the first half of 2023, down 2.6% year-on-year.

Meanwhile, the company posted 543.6 million yuan in revenue, up 12.1% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 312.9 million yuan in total liabilities, with a liability-to-asset ratio of 14%.