Shenyang Jinbei Automotive Company Limited’s Net Profit Dropped 45.6% in First Half of 2022

Shenyang Jinbei Automotive Company Limited (金杯汽车股份有限公司) (600609.SH) reported a net profit of 143.4 million yuan in the first half of 2022, down 45.6% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 11.4% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 72.3%.