Wutong Holding Group Co.,Ltd. Posted 11.4 Million Yuan Net Loss in First Quarter of 2022

Wutong Holding Group Co.,Ltd. (吴通控股集团股份有限公司) (300292.SZ) reported a net loss of 11.4 million yuan in the first quarter of 2022, reversing a net profit of 14.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, down 14.1% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 54.1%.