Guangxi Wuzhou Communications Co.,Ltd.’s Net Profit Dropped 4.5% in First Quarter of 2022

Guangxi Wuzhou Communications Co.,Ltd. (广西五洲交通股份有限公司) (600368.SH) reported a net profit of 179.4 million yuan in the first quarter of 2022, down 4.5% year-on-year.

Meanwhile, the company posted 338.1 million yuan in revenue, down 33.9% year-on-year.

At the end of the reporting period, it had 9.6 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 43.5%.