Apr 30, 2022 08:00 AM

Anhui Jianghuai Automobile Group Co.,Ltd. Posted 331.8 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Anhui Jianghuai Automobile Group Co.,Ltd. (安徽江淮汽车集团股份有限公司) (600418.SH) reported a net loss of 331.8 million yuan in the first quarter of 2022, reversing a net profit of 175.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 9.8 billion yuan in revenue, down 16.4% year-on-year.

At the end of the reporting period, it had 47.3 billion yuan in total assets and 31.8 billion yuan in total liabilities, with a liability-to-asset ratio of 67.2%.

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