Faw Jiefang Group Co.,Ltd.’s Net Profit Dropped 86.3% in First Quarter of 2023

Faw Jiefang Group Co.,Ltd. (一汽解放集团股份有限公司) (000800.SZ) reported a net profit of 61.8 million yuan in the first quarter of 2023, down 86.3% year-on-year.

Meanwhile, the company posted 14 billion yuan in revenue, down 7.4% year-on-year.

At the end of the reporting period, it had 66.4 billion yuan in total assets and 42.6 billion yuan in total liabilities, with a liability-to-asset ratio of 64.2%.