Sinotruk Jinan Truck Co.,Ltd.’s Net Profit Dropped 78.9% in First Quarter of 2022

Sinotruk Jinan Truck Co.,Ltd. (中国重汽集团济南卡车股份有限公司) (000951.SZ) reported a net profit of 179.1 million yuan in the first quarter of 2022, down 78.9% year-on-year.

Meanwhile, the company posted 7.5 billion yuan in revenue, down 63.7% year-on-year.

At the end of the reporting period, it had 36.9 billion yuan in total assets and 21.8 billion yuan in total liabilities, with a liability-to-asset ratio of 58.9%.