Cimc Vehicles(Group) Co.,Ltd.’s Net Profit Dropped 51.3% in First Half of 2022

Cimc Vehicles(Group) Co.,Ltd. (中集车辆(集团)股份有限公司) (301039.SZ) reported a net profit of 370.3 million yuan in the first half of 2022, down 51.3% year-on-year.

Meanwhile, the company posted 11.2 billion yuan in revenue, down 36.8% year-on-year.

At the end of the reporting period, it had 22.4 billion yuan in total assets and 9.9 billion yuan in total liabilities, with a liability-to-asset ratio of 44.5%.