Cimc Vehicles(Group) Co.,Ltd.’s Net Profit Dropped 44.7% in First Quarter of 2022

Cimc Vehicles(Group) Co.,Ltd. (中集车辆(集团)股份有限公司) (301039.SZ) reported a net profit of 128.8 million yuan in the first quarter of 2022, down 44.7% year-on-year.

Meanwhile, the company posted 5.1 billion yuan in revenue, down 25.3% year-on-year.

At the end of the reporting period, it had 22.2 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 45.3%.