Guangzhou Automobile Group Co.,Ltd.’s Net Profit Rose 33.6% in First Half of 2022

Guangzhou Automobile Group Co.,Ltd. (广州汽车集团股份有限公司) (601238.SH) reported a net profit of 5.8 billion yuan in the first half of 2022, up 33.6% year-on-year.

Meanwhile, the company posted 48.4 billion yuan in revenue, up 40.8% year-on-year.

At the end of the reporting period, it had 157.9 billion yuan in total assets and 55.7 billion yuan in total liabilities, with a liability-to-asset ratio of 35.3%.