Loncin Motor Co.,Ltd.’s Net Profit Rose 11.6% in First Three Quarters of 2022

Loncin Motor Co.,Ltd. (隆鑫通用动力股份有限公司) (603766.SH) reported a net profit of 795.5 million yuan in the first three quarters of 2022, up 11.6% year-on-year.

Meanwhile, the company posted 9.5 billion yuan in revenue, up 1.8% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 34.9%.