Guangzhou Automobile Group Co.,Ltd.’s Net Profit Rose 52.1% in First Three Quarters 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 8 billion yuan in the first three quarters of 2022, up 52.1% year-on-year.

Meanwhile, the company posted 80 billion yuan in revenue, up 44.8% year-on-year.

At the end of the reporting period, it had 173.5 billion yuan in total assets and 69.6 billion yuan in total liabilities, with a liability-to-asset ratio of 40.1%.