Jiangling Motors Co.,Ltd.’s Net Profit Rose 50.3% in 2022

Jiangling Motors Co.,Ltd. (江铃汽车股份有限公司) (000550.SZ) reported a net profit of 862.9 million yuan in 2022, up 50.3% year-on-year.

Meanwhile, the company posted 30.1 billion yuan in revenue, down 14.5% year-on-year.

At the end of the reporting period, it had 27.5 billion yuan in total assets and 18.2 billion yuan in total liabilities, with a liability-to-asset ratio of 66.4%.