Zhejiang Songyuan Automotive Safety Systems Co.,Ltd.’s Net Profit Rose 44.9% in First Half of 2023

Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. (浙江松原汽车安全系统股份有限公司) (300893.SZ) reported a net profit of 63 million yuan in the first half of 2023, up 44.9% year-on-year.

Meanwhile, the company posted 470.2 million yuan in revenue, up 10.9% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 620.6 million yuan in total liabilities, with a liability-to-asset ratio of 40.2%.