Faw Jiefang Group Co.,Ltd.’s Net Profit Dropped 94.8% in First Half of 2022

Faw Jiefang Group Co.,Ltd. (一汽解放集团股份有限公司) (000800.SZ) reported a net profit of 170.2 million yuan in the first half of 2022, down 94.8% year-on-year.

Meanwhile, the company posted 22.9 billion yuan in revenue, down 70.9% year-on-year.

At the end of the reporting period, it had 69.2 billion yuan in total assets and 45.7 billion yuan in total liabilities, with a liability-to-asset ratio of 66.1%.