Changchun Faway Automobile Components Co.,Ltd.’s Net Profit Dropped 61.8% in First Quarter of 2022

Changchun Faway Automobile Components Co.,Ltd. (长春一汽富维汽车零部件股份有限公司) (600742.SH) reported a net profit of 101 million yuan in the first quarter of 2022, down 61.8% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, down 14.4% year-on-year.

At the end of the reporting period, it had 19.1 billion yuan in total assets and 10.6 billion yuan in total liabilities, with a liability-to-asset ratio of 55.2%.