Xiamen King Long Motor Group Co.,Ltd. Posted 116.1 Million Yuan Net Profit in First Three Quarters 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 116.1 million yuan in the first three quarters of 2023, reversing a net loss of 301.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 14.1 billion yuan in revenue, up 33.7% year-on-year.

At the end of the reporting period, it had 27.4 billion yuan in total assets and 23.3 billion yuan in total liabilities, with a liability-to-asset ratio of 85.2%.