Apr 30, 2022 08:00 AM

Shandong Linglong Tyre Co.,Ltd. Posted 91.9 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Shandong Linglong Tyre Co.,Ltd. (山东玲珑轮胎股份有限公司) (601966.SH) reported a net loss of 91.9 million yuan in the first quarter of 2022, reversing a net profit of 494.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.4 billion yuan in revenue, down 12.7% year-on-year.

At the end of the reporting period, it had 37.1 billion yuan in total assets and 18.4 billion yuan in total liabilities, with a liability-to-asset ratio of 49.7%.

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