Beiqi Foton Motor Co.,Ltd.’s Net Profit Rose 122.6% in First Quarter of 2023

Beiqi Foton Motor Co.,Ltd. (北汽福田汽车股份有限公司) (600166.SH) reported a net profit of 297.1 million yuan in the first quarter of 2023, up 122.6% year-on-year.

Meanwhile, the company posted 15 billion yuan in revenue, up 20.9% year-on-year.

At the end of the reporting period, it had 53.7 billion yuan in total assets and 39.9 billion yuan in total liabilities, with a liability-to-asset ratio of 74.3%.