Beiqi Foton Motor Co.,Ltd.’s Net Profit Dropped 66.5% in First Half of 2022

Beiqi Foton Motor Co.,Ltd. (北汽福田汽车股份有限公司) (600166.SH) reported a net profit of 201.8 million yuan in the first half of 2022, down 66.5% year-on-year.

Meanwhile, the company posted 23.2 billion yuan in revenue, down 27.4% year-on-year.

At the end of the reporting period, it had 48.8 billion yuan in total assets and 38.2 billion yuan in total liabilities, with a liability-to-asset ratio of 78.3%.