Anhui Jianghuai Automobile Group Co.,Ltd. Posted 785.7 Million Yuan Net Loss in First Half of 2022

Anhui Jianghuai Automobile Group Co.,Ltd. (安徽江淮汽车集团股份有限公司) (600418.SH) reported a net loss of 785.7 million yuan in the first half of 2022, reversing a net profit of 434.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 17.8 billion yuan in revenue, down 20.6% year-on-year.

At the end of the reporting period, it had 47.2 billion yuan in total assets and 32.2 billion yuan in total liabilities, with a liability-to-asset ratio of 68.3%.