Sinotruk Jinan Truck Co.,Ltd.’s Net Profit Dropped 66.7% in First Half of 2022

Sinotruk Jinan Truck Co.,Ltd. (中国重汽集团济南卡车股份有限公司) (000951.SZ) reported a net profit of 500.1 million yuan in the first half of 2022, down 66.7% year-on-year.

Meanwhile, the company posted 15.3 billion yuan in revenue, down 61.7% year-on-year.

At the end of the reporting period, it had 35.7 billion yuan in total assets and 21.2 billion yuan in total liabilities, with a liability-to-asset ratio of 59.3%.