Dazhong Transportion(Group) Co.,Ltd. Posted 179.2 Million Yuan Net Loss in First Half of 2022

Dazhong Transportion(Group) Co.,Ltd. (大众交通(集团)股份有限公司) (600611.SH) reported a net loss of 179.2 million yuan in the first half of 2022, reversing a net profit of 264.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 771.6 million yuan in revenue, down 22.9% year-on-year.

At the end of the reporting period, it had 19.2 billion yuan in total assets and 9.3 billion yuan in total liabilities, with a liability-to-asset ratio of 48.3%.