Ang Da Automobile Trade Co.,Ltd.’s Net Profit Dropped 96.4% in First Half 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 profit of 20.9 million yuan in the first half of 2022, down 96.4% year-on-year.

Meanwhile, the company posted 12.6 billion yuan in revenue, down 13.8% year-on-year.

At the end of the reporting period, it had 22.9 billion yuan in total assets and 11.1 billion yuan in total liabilities, with a liability-to-asset ratio of 48.4%.