Ang Da Automobile Trade Co.,Ltd. Posted 162 Million Yuan Net Loss in First Three Quarters 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 loss of 162 million yuan in the first three quarters of 2022, reversing a net profit of 609.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 20.2 billion yuan in revenue, down 4.7% year-on-year.

At the end of the reporting period, it had 23.1 billion yuan in total assets and 11.4 billion yuan in total liabilities, with a liability-to-asset ratio of 49.5%.