The cumulative loss is nearly 100 billion, Hengda Automobile released 2022 financial report： Hengchi 5 delivered 320 vehicles last year

On the evening of July 26, Hengda Automobile released its 2022 financial report. For the year ended December 31, 2022, the company incurred a loss of RMB 27.664 billion yuan (2021: RMB 56.344 billion yuan).

As of December 31, 2022, Hengda’s cumulative loss and shareholder loss were RMB 98.906 billion (2021: RMB 71.241 billion) and RMB 68.651 billion (2021: RMB 39.339 billion) respectively.

In mid-2022, Hengda Automobile’s sales revenue was 134 million yuan, an increase of 78.71% compared with 2021, mainly due to the sales of Hengchi Automobile.

According to Hengda Automobile data, the company began pre-selling the Hengchi 5 in July 2022, and has delivered 320 vehicles as of the reporting period.