Loncin Motor Co.,Ltd.’s Net Profit Rose 70.5% in First Quarter of 2022

Loncin Motor Co.,Ltd. (隆鑫通用动力股份有限公司) (603766.SH) reported a net profit of 292.3 million yuan in the first quarter of 2022, up 70.5% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, up 23.2% year-on-year.

At the end of the reporting period, it had 13.2 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 39.1%.