China Cyts Tours Holding Co.,Ltd. Posted 177.8 Million Yuan Net Loss in First Quarter of 2022

China Cyts Tours Holding Co.,Ltd. (中青旅控股股份有限公司) (600138.SH) reported a net loss of 177.8 million yuan in the first quarter of 2022, widening 99.7% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 1.2% year-on-year.

At the end of the reporting period, it had 17.5 billion yuan in total assets and 9 billion yuan in total liabilities, with a liability-to-asset ratio of 51.7%.