Shanghai Baolong Automotive Corporation Limited’s Net Profit Rose 188.3% in First Half of 2023

Shanghai Baolong Automotive Corporation Limited (上海保隆汽车科技股份有限公司) (603197.SH) reported a net profit of 189.4 million yuan in the first half of 2023, up 188.3% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 26.8% year-on-year.

At the end of the reporting period, it had 7.3 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 59.4%.