Sinotruk Jinan Truck Co.,Ltd.’s Net Profit Dropped 68.5% in 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 525.6 million yuan in 2022, down 68.5% year-on-year.

Meanwhile, the company posted 28.8 billion yuan in revenue, down 48.6% year-on-year.

At the end of the reporting period, it had 34.4 billion yuan in total assets and 19.8 billion yuan in total liabilities, with a liability-to-asset ratio of 57.6%.