Xiamen King Long Motor Group Co.,Ltd.’s Net Profit Rose 107.9% in First Quarter of 2022

Xiamen King Long Motor Group Co.,Ltd. (厦门金龙汽车集团股份有限公司) (600686.SH) reported a net profit of 10.9 million yuan in the first quarter of 2022, up 107.9% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, up 9% year-on-year.

At the end of the reporting period, it had 26.1 billion yuan in total assets and 21 billion yuan in total liabilities, with a liability-to-asset ratio of 80.5%.