Beiqi Foton Motor Co.,Ltd.’s Net Profit Dropped 23% in First Three Quarters 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 218.4 million yuan in the first three quarters of 2022, down 23% year-on-year.

Meanwhile, the company posted 35.5 billion yuan in revenue, down 20.7% year-on-year.

At the end of the reporting period, it had 50.6 billion yuan in total assets and 36.8 billion yuan in total liabilities, with a liability-to-asset ratio of 72.7%.