Faw Jiefang Group Co.,Ltd. Posted 652.4 Million Yuan Net Loss in First Three Quarters of 2022

Faw Jiefang Group Co.,Ltd. (一汽解放集团股份有限公司) (000800.SZ) reported a net loss of 652.4 million yuan in the first three quarters of 2022, reversing a net profit of 3.6 billion yuan for the same period in the previous year.

Meanwhile, the company posted 30.5 billion yuan in revenue, down 65.6% year-on-year.

At the end of the reporting period, it had 64.4 billion yuan in total assets and 41.7 billion yuan in total liabilities, with a liability-to-asset ratio of 64.8%.