Ningbo Shenglong Automotive Powertrainsystem Co.,Ltd.’s Net Profit Dropped 35.2% in First Half of 2023

Ningbo Shenglong Automotive Powertrainsystem Co.,Ltd. (宁波圣龙汽车动力系统股份有限公司) (603178.SH) reported a net profit of 27.2 million yuan in the first half of 2023, down 35.2% year-on-year.

Meanwhile, the company posted 683.9 million yuan in revenue, up 2.9% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 748.9 million yuan in total liabilities, with a liability-to-asset ratio of 36.8%.