Shenyang Jinbei Automotive Company Limited’s Net Profit Rose 63.6% in First Quarter of 2023

Shenyang Jinbei Automotive Company Limited (金杯汽车股份有限公司) (600609.SH) reported a net profit of 109.8 million yuan in the first quarter of 2023, up 63.6% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 43.4% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 68.6%.