Changchun Faway Automobile Components Co.,Ltd.’s Net Profit Dropped 4% in First Three Quarters of 2023

Changchun Faway Automobile Components Co.,Ltd. (长春一汽富维汽车零部件股份有限公司) (600742.SH) reported a net profit of 617.8 million yuan in the first three quarters of 2023, down 4% year-on-year.

Meanwhile, the company posted 15.1 billion yuan in revenue, up 2.4% year-on-year.

At the end of the reporting period, it had 21.3 billion yuan in total assets and 11.7 billion yuan in total liabilities, with a liability-to-asset ratio of 55%.