Zhejiang Songyuan Automotive Safety Systems Co.,Ltd.’s Net Profit Rose 48.6% in First Three Quarters 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 117.1 million yuan in the first three quarters of 2023, up 48.6% year-on-year.

Meanwhile, the company posted 814.7 million yuan in revenue, up 16.2% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 715.2 million yuan in total liabilities, with a liability-to-asset ratio of 42.2%.