Anhui Jianghuai Automobile Group Co.,Ltd. Posted 134.7 Million Yuan Net Profit in First Quarter of 2023

Anhui Jianghuai Automobile Group Co.,Ltd. (安徽江淮汽车集团股份有限公司) (600418.SH) reported a net profit of 134.7 million yuan in the first quarter of 2023, reversing a net loss of 331.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 10.8 billion yuan in revenue, up 10.3% year-on-year.

At the end of the reporting period, it had 49.8 billion yuan in total assets and 35.6 billion yuan in total liabilities, with a liability-to-asset ratio of 71.5%.