Guangzhou Automobile Group Co.,Ltd.’s Net Profit Rose 8.2% in 2022

Guangzhou Automobile Group Co.,Ltd. (广州汽车集团股份有限公司) (601238.SH) reported a net profit of 8 billion yuan in 2022, up 8.2% year-on-year.

Meanwhile, the company posted 109.3 billion yuan in revenue, up 45.4% year-on-year.

At the end of the reporting period, it had 190 billion yuan in total assets and 67.8 billion yuan in total liabilities, with a liability-to-asset ratio of 35.7%.