Loncin Motor Co.,Ltd.’s Net Profit Dropped 14.5% in First Half of 2023

Loncin Motor Co.,Ltd. (隆鑫通用动力股份有限公司) (603766.SH) reported a net profit of 486.1 million yuan in the first half of 2023, down 14.5% year-on-year.

Meanwhile, the company posted 6 billion yuan in revenue, down 9.4% year-on-year.

At the end of the reporting period, it had 13.5 billion yuan in total assets and 5 billion yuan in total liabilities, with a liability-to-asset ratio of 37.3%.