Jiangling Motors Co.,Ltd.’s Net Profit Dropped 11.4% in First Quarter of 2023

Jiangling Motors Co.,Ltd. (江铃汽车股份有限公司) (000550.SZ) reported a net profit of 155.8 million yuan in the first quarter of 2023, down 11.4% year-on-year.

Meanwhile, the company posted 7.5 billion yuan in revenue, up 4.1% year-on-year.

At the end of the reporting period, it had 26.7 billion yuan in total assets and 17.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.