Shenyang Jinbei Automotive Company Limited’s Net Profit Dropped 26.4% in First Three Quarters of 2022

Shenyang Jinbei Automotive Company Limited (金杯汽车股份有限公司) (600609.SH) reported a net profit of 279.8 million yuan in the first three quarters of 2022, down 26.4% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 4.6% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 75%.