Xiamen King Long Motor Group Co.,Ltd.’s Net Profit Rose 82.4% in First Quarter of 2023

Xiamen King Long Motor Group Co.,Ltd. (厦门金龙汽车集团股份有限公司) (600686.SH) reported a net profit of 19.8 million yuan in the first quarter of 2023, up 82.4% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, up 27.8% year-on-year.

At the end of the reporting period, it had 28 billion yuan in total assets and 23.5 billion yuan in total liabilities, with a liability-to-asset ratio of 84%.