Beiqi Foton Motor Co.,Ltd.’s Net Profit Dropped 63.7% in First Quarter of 2022

Beiqi Foton Motor Co.,Ltd. (北汽福田汽车股份有限公司) (600166.SH) reported a net profit of 133.5 million yuan in the first quarter of 2022, down 63.7% year-on-year.

Meanwhile, the company posted 12.4 billion yuan in revenue, down 21.9% year-on-year.

At the end of the reporting period, it had 51.4 billion yuan in total assets and 40.7 billion yuan in total liabilities, with a liability-to-asset ratio of 79.2%.