Sinomach Automobile Co.,Ltd.’s Net Profit Rose 10.9% in 2022

Sinomach Automobile Co.,Ltd. (国机汽车股份有限公司) (600335.SH) reported a net profit of 307.8 million yuan in 2022, up 10.9% year-on-year.

Meanwhile, the company posted 39.6 billion yuan in revenue, down 10% year-on-year.

At the end of the reporting period, it had 32.5 billion yuan in total assets and 21.3 billion yuan in total liabilities, with a liability-to-asset ratio of 65.6%.