Shenyang Jinbei Automotive Company Limited’s Net Profit Dropped 28.1% in First Quarter of 2022

Shenyang Jinbei Automotive Company Limited (金杯汽车股份有限公司) (600609.SH) reported a net profit of 67.1 million yuan in the first quarter of 2022, down 28.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 16.8% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 74.7%.