Aeolus Tyre Co.,Ltd. Posted 41.3 Million Yuan Net Loss in First Quarter of 2022

Aeolus Tyre Co.,Ltd. (风神轮胎股份有限公司) (600469.SH) reported a net loss of 41.3 million yuan in the first quarter of 2022, reversing a net profit of 27.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 31.9% year-on-year.

At the end of the reporting period, it had 7.2 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.