Faw Jiefang Group Co.,Ltd. Posted 412.4 Million Yuan Net Profit in First Three Quarters of 2023

Faw Jiefang Group Co.,Ltd. (一汽解放集团股份有限公司) (000800.SZ) reported a net profit of 412.4 million yuan in the first three quarters of 2023, reversing a net loss of 652.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 48.1 billion yuan in revenue, up 58% year-on-year.

At the end of the reporting period, it had 74.3 billion yuan in total assets and 50.2 billion yuan in total liabilities, with a liability-to-asset ratio of 67.6%.