Great Wall Motor Company Limited’s Net Profit Dropped 0.5% in First Quarter of 2022

Great Wall Motor Company Limited (长城汽车股份有限公司) (601633.SH) reported a net profit of 1.6 billion yuan in the first quarter of 2022, down 0.5% year-on-year.

Meanwhile, the company posted 33.6 billion yuan in revenue, up 8% year-on-year.

At the end of the reporting period, it had 174.9 billion yuan in total assets and 110.1 billion yuan in total liabilities, with a liability-to-asset ratio of 62.9%.