Loncin Motor Co.,Ltd.’s Net Profit Rose 9.5% in First Half 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 568.4 million yuan in the first half of 2022, up 9.5% year-on-year.

Meanwhile, the company posted 6.6 billion yuan in revenue, up 7.3% year-on-year.

At the end of the reporting period, it had 13 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 36.9%.