Beiqi Foton Motor Co.,Ltd.’s Net Profit Rose 194.3% in First Half 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 593.9 million yuan in the first half of 2023, up 194.3% year-on-year.

Meanwhile, the company posted 28.8 billion yuan in revenue, up 24.5% year-on-year.

At the end of the reporting period, it had 51.4 billion yuan in total assets and 37.3 billion yuan in total liabilities, with a liability-to-asset ratio of 72.6%.