Ang Da Automobile Trade Co.,Ltd. Posted 92.7 Million Yuan Net Loss in First Quarter of 2022

Ang Da Automobile Trade Co.,Ltd. (庞大汽贸集团股份有限公司) (601258.SH) reported a net loss of 92.7 million yuan in the first quarter of 2022, reversing a net profit of 462 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.5 billion yuan in revenue, down 9.4% year-on-year.

At the end of the reporting period, it had 23.4 billion yuan in total assets and 11.7 billion yuan in total liabilities, with a liability-to-asset ratio of 50%.