| GWMOTOR 1Q NP RMB3.228B |
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GWMOTOR (02333.HK) released its first quarterly unaudited report. According to China Accounting Standards for Business Enterprises, total operating income increased by 47.6% year-on-year to RMB42.86 billion. The company recorded a net profit of RMB3.228 billion, a 17.5-fold spike from the net profit of RMB174 million in the same period last year. Basic EPS was RMB0.38
According to the Company, the increase in net profit was mainly due to significant improvement of performance indicators such as operating income and net profit attributable to shareholders of the listed company as compared to the corresponding period last year, as driven by sales growth and optimization of sales structure of the Company during the Reporting Period.
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AAStocks Financial News
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