Anhui Jianghuai Automobile Group Co.,Ltd. Posted 853.2 Million Yuan Net Loss in First Three Quarters 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 853.2 million yuan in the first three quarters of 2022, reversing a net profit of 134.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 27.5 billion yuan in revenue, down 10.4% year-on-year.

At the end of the reporting period, it had 48.5 billion yuan in total assets and 33.5 billion yuan in total liabilities, with a liability-to-asset ratio of 69.2%.