Beiqi Foton Motor Co.,Ltd.’s Net Profit Rose 245.4% in First Three Quarters 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 754.5 million yuan in the first three quarters of 2023, up 245.4% year-on-year.

Meanwhile, the company posted 42.9 billion yuan in revenue, up 21% year-on-year.

At the end of the reporting period, it had 52.6 billion yuan in total assets and 38.3 billion yuan in total liabilities, with a liability-to-asset ratio of 72.9%.