Jiangling Motors Co.,Ltd.’s Net Profit Dropped 36.6% in First Quarter of 2022

Jiangling Motors Co.,Ltd. (江铃汽车股份有限公司) (000550.SZ) reported a net profit of 175.9 million yuan in the first quarter of 2022, down 36.6% year-on-year.

Meanwhile, the company posted 7.2 billion yuan in revenue, down 10.1% year-on-year.

At the end of the reporting period, it had 25.7 billion yuan in total assets and 17 billion yuan in total liabilities, with a liability-to-asset ratio of 65.9%.