Sinotruk Jinan Truck Co.,Ltd.’s Net Profit Dropped 63.6% in First Three Quarters of 2022

Sinotruk Jinan Truck Co.,Ltd. (中国重汽集团济南卡车股份有限公司) (000951.SZ) reported a net profit of 616.4 million yuan in the first three quarters of 2022, down 63.6% year-on-year.

Meanwhile, the company posted 22.5 billion yuan in revenue, down 54.1% year-on-year.

At the end of the reporting period, it had 34.7 billion yuan in total assets and 20 billion yuan in total liabilities, with a liability-to-asset ratio of 57.8%.