Ningbo Gaofa Automotive Control System Co.,Ltd.’s Net Profit Rose 10.9% in First Three Quarters of 2023

Ningbo Gaofa Automotive Control System Co.,Ltd. (宁波高发汽车控制系统股份有限公司) (603788.SH) reported a net profit of 111 million yuan in the first three quarters of 2023, up 10.9% year-on-year.

Meanwhile, the company posted 877.2 million yuan in revenue, up 16.5% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 375.3 million yuan in total liabilities, with a liability-to-asset ratio of 16.1%.