Changchun Faway Automobile Components Co.,Ltd.’s Net Profit Dropped 46.7% in First Half of 2022

Changchun Faway Automobile Components Co.,Ltd. (长春一汽富维汽车零部件股份有限公司) (600742.SH) reported a net profit of 285.7 million yuan in the first half of 2022, down 46.7% year-on-year.

Meanwhile, the company posted 8.9 billion yuan in revenue, down 10.7% year-on-year.

At the end of the reporting period, it had 18.8 billion yuan in total assets and 10.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56.1%.