Southwest Securities Co.,Ltd. Posted 148 Million Yuan Net Loss in First Quarter of 2022

Southwest Securities Co.,Ltd. (西南证券股份有限公司) (600369.SH) reported a net loss of 148 million yuan in the first quarter of 2022, reversing a net profit of 231.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 38.9 million yuan in revenue, down 94.8% year-on-year.

At the end of the reporting period, it had 83.4 billion yuan in total assets and 58.3 billion yuan in total liabilities, with a liability-to-asset ratio of 69.9%.