Western Securities Co.,Ltd. Posted 9.1 Million Yuan Net Loss in First Quarter of 2022

Western Securities Co.,Ltd. (西部证券股份有限公司) (002673.SZ) reported a net loss of 9.1 million yuan in the first quarter of 2022, reversing a net profit of 263.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, down 20.4% year-on-year.

At the end of the reporting period, it had 85.5 billion yuan in total assets and 58.3 billion yuan in total liabilities, with a liability-to-asset ratio of 68.2%.