Jiangling Motors Co.,Ltd.’s Net Profit Dropped 1% in First Three Quarters of 2023

Jiangling Motors Co.,Ltd. (江铃汽车股份有限公司) (000550.SZ) reported a net profit of 672.3 million yuan in the first three quarters of 2023, down 1% year-on-year.

Meanwhile, the company posted 23.5 billion yuan in revenue, up 6.7% year-on-year.

At the end of the reporting period, it had 28 billion yuan in total assets and 18.4 billion yuan in total liabilities, with a liability-to-asset ratio of 65.7%.