Xiamen King Long Motor Group Co.,Ltd. Posted 82.3 Million Yuan Net Profit in First Half 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 82.3 million yuan in the first half of 2023, reversing a net loss of 270.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 9.4 billion yuan in revenue, up 42.6% year-on-year.

At the end of the reporting period, it had 27.9 billion yuan in total assets and 23.9 billion yuan in total liabilities, with a liability-to-asset ratio of 85.5%.