Xingmin Intelligent Transportation Systems(Group) Co.,Ltd. Posted 171.3 Million Yuan Net Loss in First Half of 2022

Xingmin Intelligent Transportation Systems(Group) Co.,Ltd. (兴民智通(集团)股份有限公司) (002355.SZ) reported a net loss of 171.3 million yuan in the first half of 2022, widening 735.2% year-on-year.

Meanwhile, the company posted 437.6 million yuan in revenue, down 46.9% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 42.3%.