Chongqing Changan Automobile Company Limited’s Net Profit Rose 47.6% in First Quarter of 2023

Chongqing Changan Automobile Company Limited (重庆长安汽车股份有限公司) (000625.SZ) reported a net profit of 6.7 billion yuan in the first quarter of 2023, up 47.6% year-on-year.

Meanwhile, the company posted 34.6 billion yuan in revenue, down 0.1% year-on-year.

At the end of the reporting period, it had 174.1 billion yuan in total assets and 100.3 billion yuan in total liabilities, with a liability-to-asset ratio of 57.6%.