China United Travel Company Limited Posted 8.9 Million Yuan Net Profit in First Quarter of 2022

China United Travel Company Limited (国旅联合股份有限公司) (600358.SH) reported a net profit of 8.9 million yuan in the first quarter of 2022, reversing a net loss of 12.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 162.6 million yuan in revenue, down 6.4% year-on-year.

At the end of the reporting period, it had 582.9 million yuan in total assets and 383 million yuan in total liabilities, with a liability-to-asset ratio of 65.7%.