Beiqi Foton Motor Co.,Ltd. Posted 42.6 Million Yuan Net Profit in 2022

Beiqi Foton Motor Co.,Ltd. (北汽福田汽车股份有限公司) (600166.SH) reported a net profit of 42.6 million yuan in 2022, reversing a net loss of 5.1 billion yuan for the previous year.

Meanwhile, the company posted 46.4 billion yuan in revenue, down 15.5% year-on-year.

At the end of the reporting period, it had 48.5 billion yuan in total assets and 34.8 billion yuan in total liabilities, with a liability-to-asset ratio of 71.7%.