Yangzhou Asiastar Bus Co.,Ltd. Posted 43.6 Million Yuan Net Loss in First Quarter of 2022

Yangzhou Asiastar Bus Co.,Ltd. (扬州亚星客车股份有限公司) (600213.SH) reported a net loss of 43.6 million yuan in the first quarter of 2022, reversing a net profit of 1.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 284.7 million yuan in revenue, up 2.8% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 87.9%.