Shanghai Baolong Automotive Corporation Limited’s Net Profit Rose 164.2% in First Three Quarters 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 338.9 million yuan in the first three quarters of 2023, up 164.2% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 29.2% year-on-year.

At the end of the reporting period, it had 7.7 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 59.1%.