Wuhan Lingdian Automobile Electronics Co.,Ltd.’s Net Profit Dropped 21.7% in First Three Quarters of 2023

Wuhan Lingdian Automobile Electronics Co.,Ltd. (武汉菱电汽车电控系统股份有限公司) (688667.SH) reported a net profit of 42 million yuan in the first three quarters of 2023, down 21.7% year-on-year.

Meanwhile, the company posted 699.3 million yuan in revenue, up 31.9% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 435.8 million yuan in total liabilities, with a liability-to-asset ratio of 21.6%.