Faw Jiefang Group Co.,Ltd.’s Net Profit Dropped 74.7% in First Quarter of 2022

Faw Jiefang Group Co.,Ltd. (一汽解放集团股份有限公司) (000800.SZ) reported a net profit of 452.2 million yuan in the first quarter of 2022, down 74.7% year-on-year.

Meanwhile, the company posted 15.2 billion yuan in revenue, down 66.4% year-on-year.

At the end of the reporting period, it had 69.7 billion yuan in total assets and 43 billion yuan in total liabilities, with a liability-to-asset ratio of 61.6%.