Loncin Motor Co.,Ltd.’s Net Profit Dropped 5.2% in First Three Quarters 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 754.5 million yuan in the first three quarters of 2023, down 5.2% year-on-year.

Meanwhile, the company posted 9.4 billion yuan in revenue, down 1.5% year-on-year.

At the end of the reporting period, it had 13.8 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 37.3%.