May 06, 2022 08:00 AM

Dazhong Transportion(Group) Co.,Ltd. Posted 250.1 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Dazhong Transportion(Group) Co.,Ltd. (大众交通(集团)股份有限公司) (600611.SH) reported a net loss of 250.1 million yuan in the first quarter of 2022, reversing a net profit of 74 million yuan for the same period in the previous year.

Meanwhile, the company posted 462.8 million yuan in revenue, down 10.8% year-on-year.

At the end of the reporting period, it had 19.2 billion yuan in total assets and 9.2 billion yuan in total liabilities, with a liability-to-asset ratio of 47.9%.

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